India, Oct. 14 -- Reliance Industries Ltd's (RIL's) technology arm Jio Platforms has filed its red herring prospectus (RHP) with SEBI for its IPO which will open for public subscription on October 21 and close on October 23. Anchor bidding for the issue will take place on October 19 (Monday).

The company has retained its IPO size as outlined in its draft IPO papers. The IPO will comprise a fresh issue of up to 27 Cr equity shares. As per earlier reports, Jio's IPO size was expected to be over Rs.30,000 Cr.

In its RHP, the company outlined that Rs.27,500 Cr of the fresh capital raised via the IPO will be uitilised for prepayment, in full or in part, of certain outstanding borrowings availed by its material subsidiary, Reliance Jio Infoco...