With reference to the Reliance and Jio IPO, consider the following statements: 1. The IPO seeks to issue 370 million new shares. 2. The price band for the new shares is set between Rs 1,065 and Rs 1,119. 3. The IPO is scheduled to take place from October 1 to October 3. Which of the statements given above is/are correct?

Reliance and Jio prepare Rs 10.3 lakh crore IPO, potentially India's largest-ever listing

GS3Economy · S&T · Environment · Security· Capital markets & SEBI· Prelims· 10 October 2026

Capital market depth and regulatory framework for mega-scale IPOs: a GS3 Economy case study.

Why in news

Reliance Industries and Jio are preparing a potential Rs 10.3 lakh crore IPO, which would be India's largest-ever listing, following roadshows by Akash and Isha Ambani.

Background

The offering seeks to issue 270 million new shares at a price band of Rs 1,065–Rs 1,119 apiece. The IPO window is scheduled from October 21 to October 23, with existing investors including Meta, Google, and Saudi Arabia’s Public Investment Fund.

Facts for Prelims

FactIPO size: Rs 10.3 lakh crore
FactShares to be issued: 270 million new shares
FactIPO dates: October 21 to October 23
FactExisting investors: Meta, Google, and Saudi Arabia’s Public Investment Fund

Prelims practice question

With reference to the Reliance and Jio IPO, consider the following statements:

The IPO seeks to issue 370 million new shares.
The price band for the new shares is set between Rs 1,065 and Rs 1,119.
The IPO is scheduled to take place from October 1 to October 3.

Which of the statements given above is/are correct?

(a)2 only
(b)1 and 2 only
(c)1 and 3 only
(d)2 and 3 only

Show answer

Answer: (a) 2 only — Statement 2 is correct. Statement 1 is incorrect: The IPO seeks to issue 270 million new shares. Statement 3 is incorrect: The IPO window is scheduled from October 21 to October 23.

For Mains

Q. Discuss the implications of mega-scale IPOs by large conglomerates on India's capital market depth and the regulatory framework governing large-scale equity listings.

Dimensions to cover in your answer

Market concentration: Impact of large-scale listings on retail investor participation and liquidity
Regulatory oversight: Ensuring transparency and fair pricing in high-value IPOs involving global sovereign wealth funds

Keywords: Capital Market Depth · Equity Listing · Liquidity · Market Concentration · Regulatory Framework

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