Reliance Jio IPO: Can You Still Buy Reliance Industries Shares For The Shareholders’ Quota Before 21 October?

Reliance Industries shareholders have a narrowing window to qualify for the shareholder reservation in the upcoming Jio initial public offering (IPO). Jio Platforms is expected to launch its ₹37,700 crore public issue on 21 October and list on 28 October. The issue could become India’s biggest IPO if its reported size holds.

The key date for investors is the eligibility cut-off for Reliance Industries (RIL) shareholders. Jio Platforms’ draft papers confirm a reservation for eligible RIL shareholders, but the final cut-off date has not been disclosed.

Jio Platforms is expected to file its red herring prospectus (RHP) next week, with 12 October emerging as the likely date, according to sources. Investors will need to check the red herring prospectus (RHP) for that detail before deciding whether there is still time to buy Reliance shares to qualify for the shareholder quota.

What Do RIL Shareholders Need To Know About The Jio IPO Quota?

The draft offer document lists separate allocation categories for qualified institutional buyers (QIBs), non-institutional investors (NIIs), retail investors, eligible employees and eligible Reliance Industries shareholders. However, the draft does not specify the final shareholder eligibility date.

Investors who hold RIL shares in demat form on the cut-off date stated in the final offer document should qualify to apply through the shareholder category. Buying shares after that date would not provide access to the reservation. Until the date is disclosed, investors cannot be certain whether the window remains open.

The category provides another route for applying for shares, but it does not guarantee allotment. The outcome will depend on the reservation available and demand from eligible applicants. The maximum bid amount under the shareholder category is capped at ₹2 lakh.

Where Will The Jio IPO Proceeds Go?

Jio Platforms plans to use ₹27,500 crore from the IPO proceeds to prepay or repay, in full or in part, certain outstanding borrowings of Reliance Jio Infocomm (RJIL), its material subsidiary. The remaining proceeds are earmarked for general corporate purposes, according to the draft offer document.

Jio IPO includes a fresh issue of up to 27 crore equity shares with a face value of ₹10 each, with no offer-for-sale component indicated in the draft papers. This means the proceeds from the fresh issue will go to Jio Platforms.

Jio Platforms reported revenue from operations of ₹1.47 lakh crore and profit after tax of ₹30,049 crore in FY26. Its India customer base stood at 524.4 million as of 31 March 2026. Reliance Industries held a 66.43% stake in Jio Platforms before the issue, while Meta affiliate Jaadhu Holdings owned 9.98% and Google International held 7.73%.

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