Jio Platforms IPO: Who qualifies for employee and Reliance shareholder quotas? Rules for up to 3 applications per person

Reliance Industries-backed Jio Platforms is set to launch its IPO on October 21, 2026, with the issue closing on October 23, 2026.

The issue includes reserved quotas for employees and Reliance Industries shareholders, allowing them to apply separately from retail investors under specified conditions. Here's what experts have to say on this.

“The eligibility date is October 14, 2026, the day Jio Platforms filed its RHP. Trades settle on T+1, so a purchase on October 13 reached the demat account on October 14. One share is enough, and there is no minimum holding period. Companies and trusts are excluded,” said Gaurav Garg, Head of Research, Lemonn.

Manish P. Hingar, Chartered Accountant, Founder and Chief Executive Officer, Fintoo, said individuals and HUFs who hold Reliance Industries shares on October 14 can apply under the shareholder quota once the IPO opens.

Hingar said permanent employees of Jio Platforms, Reliance Industries or any of their subsidiaries as of October 14 qualify. Employees serving their notice period are excluded. No minimum service period has been specified.

Garg added that eligible employees include permanent employees of Jio Platforms, its subsidiaries, such as Reliance Jio Infocomm, Saavn and Haptik, and its promoter, Reliance Industries. Employees serving their notice period and the promoter, promoter group, and directors holding more than 10% of Jio Platforms' shares are excluded. Contract staff are also generally excluded.

At the upper price band of ₹1,119 and a lot size of 12 shares, the minimum application amount is ₹13,428 for retail investors and Reliance shareholders, and ₹12,780 for eligible employees after the discount.

Garg said employees' initial allotment in their quota is capped at ₹2 lakh. They may receive shares for bids above that amount only if the employee portion is undersubscribed.

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