Jio Platforms filed its red herring prospectus on October 14, 2026, setting a ₹1,065–1,119 price band for a record ₹30,213 crore fresh issue of 27 crore shares, with listing targeted for October 28. All proceeds target debt reduction at subsidiary Reliance Jio Infocomm rather than shareholder exits, supported by FY26 revenue of ₹1.47 lakh crore and 533 million subscribers including a leading 5G base. Strong grey market premiums and anchor interest ahead of October 19 bidding reflect broad institutional appetite for exposure to Jio’s integrated telecom, digital services, and AI platform amid India’s competitive broadband and enterprise markets. The October 21–23 subscription window and Reliance shareholder quota represent the final near-term catalysts.