4 hrs ago

Jio IPO: Retail and Reliance Shareholder Categories Explained

Jio Platforms is preparing to sell shares to the public for the first time.

The market is waiting for the company to announce the final size, price and date of the sale.

At least 35% of the shares are expected to be set aside for individual investors.

Some people who own shares in Reliance Industries may also be able to apply through a separate category.

Eligible employees may have a reserved portion too.

The article says some unsold shares could be moved between these categories.

The final rules will depend on the official offer documents.

Investors are still waiting for those details.

Key facts

Estimated issue size: About Rs 37,700 crore; not officially announced.
Estimated equity valuation: Market experts have projected around Rs 11 lakh crore.
Retail allocation: At least 35% of the total issue.
Reliance Industries stake: Around 66.4% of Jio Platforms.
Retail applicants: Resident Indian individuals, eligible non-resident Indians and Hindu undivided families.
Shareholder applicants: Eligible individuals and Hindu undivided families who are public equity shareholders of Reliance Industries as of the red herring prospectus date.
Undisclosed details: The issue size, price band and IPO launch date await official announcement.

financialexpress.com · 4 hrs ago