Akash Ambani and Isha Ambani’s birthday on October 23 will now also mark the close of Reliance Jio’s mega IPO, turning a personal milestone for Mukesh Ambani's twins into a key date for India’s primary market. Jio Platforms has filed its red herring prospectus for an IPO of up to 27 crore equity shares. The anchor investor book will open on October 19, while the public issue will open on October 21 and close on October 23, according to the latest filing details.
The offer has also set aside shares worth up to Rs 500 crore for eligible employees and up to Rs 2,500 crore for eligible Reliance Industries shareholders.