Jio Platforms is scheduled to launch its initial public offering (IPO) on October 21, 2026, with the issue closing on October 23. The IPO includes reserved portions for eligible Reliance Industries shareholders and employees, allowing qualifying applicants to apply under separate categories subject to specific conditions.

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According to the supplied report, individuals and Hindu Undivided Families (HUFs) who held Reliance Industries shares on October 14, 2026, may qualify for the shareholder quota. The eligibility date is linked to the filing of Jio Platforms’ Red Herring Prospectus (RHP). One Reliance Industries share is reportedly sufficient, with no minimum holding period specified. Buying shares after the eligibility date will not establish eligibility for this reserved portion.

Applicants must use the same PAN associated with their eligible shareholding. For joint demat accounts, the applicant must be the first holder, according to the criteria described in the report.

The employee quota is intended for eligible permanent employees of Jio Platforms, its qualifying subsidiaries and Reliance Industries who meet the employment conditions as of October 14, 2026. Employees serving their notice period and contract staff are generally excluded under the reported rules. Certain promoter-related entities and individuals may also be ineligible. Applicants should confirm their status with their employer and review the official IPO documents before applying.

The report cites an upper price band of ₹1,119 per share and a lot size of 12 shares. At this price, the minimum application amount for retail investors and eligible Reliance shareholders is ₹13,428. The reported maximum application limit for these categories is ₹2 lakh.

Eligible employees receive a reported discount of ₹54 per share, bringing the effective price to ₹1,065 per share. A 12-share application would therefore cost ₹12,780. The employee application limit is reportedly ₹5 lakh, net of the discount. However, the initial employee allotment is said to be capped at ₹2 lakh, with bids above that amount potentially considered if the employee portion remains undersubscribed. Reliance shareholders do not receive the employee discount; their benefit is access to a separate reserved category.

An applicant may be able to submit up to three applications using one PAN if they qualify for all three categories: employee, Reliance shareholder and the net issue. Someone who qualifies only as a shareholder may be able to apply under the shareholder quota and the net issue, while an eligible employee who does not qualify as a shareholder may be able to apply under the employee quota and the net issue.

The crucial restriction is that applicants must not submit duplicate bids within the same category using the same PAN. Retail and non-institutional investor (NII) applications both fall under the net issue, so applying through both categories using one PAN can lead to rejection under the rules described in the report. Each bid should be submitted through a separate application form with the required UPI mandate.

Applications may be rejected if applicants submit duplicate bids, exceed the permitted limits or fail to meet the relevant eligibility requirements. Shareholder applications may also face problems if the PAN was not associated with eligible Reliance Industries shareholding on October 14, 2026, or if the applicant is not the first holder in a joint demat account. Outdated PAN details, a frozen demat account, KYC issues or bank and UPI details that do not meet the requirements can create additional complications.

Family members may apply separately using their own PANs and demat accounts, provided each person independently meets the eligibility conditions. However, eligibility does not guarantee an allotment. If a reserved category is oversubscribed, shares will be allotted according to the applicable allocation rules.

Investors should verify the issue dates, price band, lot size, reserved-category limits, employee discount and application conditions against the official IPO documents before placing a bid.