Reliance salary move precedes Jio Platforms IPO
Reliance Industries reportedly released October salaries 15 days early to encourage employee participation in Jio Platforms’ proposed $3.2 billion IPO. OI Charts data showed Reliance up 3.4% with futures short covering on 15 Oct 2026.
after close1 source ↓machine-written, see hownot a recommendation
- NIFTY close
- ₹22,997
- On the day
- +1.66%
- 52-week high
- ₹23,489
- 52-week low
- ₹22,180
Reliance Industries released October salaries around 15 days early as the group prepares for the proposed initial public offering of Jio Platforms, according to a Bloomberg report cited by Business Today. The move reportedly formed part of an effort to encourage participation among the group’s nearly 420,000 employees and potentially their family members. The offering is expected to raise about $3.2 billion and could become India’s largest-ever IPO 📈.
The reported salary timing matters because employee participation can broaden the investor base and improve engagement around a major telecom and digital-services listing. Employees were not given a reason for the early payment, and the report did not state whether the salary release would translate into a specific level of IPO demand. The proposed offering remains the central corporate-market event for the group’s telecom and digital businesses ⚡.
OI Charts data showed the listed parent at ₹1,215 on 15 Oct 2026, up 3.4% on the day, with volume of 23,456,219 shares. The stock gained 3.1% over five sessions but remained down 2.0% over 20 sessions, while its 52-week range stood at ₹1,152 to ₹1,612. The day’s futures open interest fell 2.7%, indicating short covering, and futures traded at a 0.18% discount to the underlying.
In the derivatives market, the put-call ratio was 0.63 and max pain stood at ₹1,210 for the 27 Oct 2026 expiry. The largest call open interest was at ₹1,250, while the largest put open interest was at ₹1,160. These levels frame the near-term trading range participants are watching, although the company-specific IPO developments remain the more direct sentiment driver.
The next focus is the formal IPO timetable, offer structure, valuation and employee-allocation details. Investors will also watch whether the reported mobilisation effort is followed by disclosed demand indicators or regulatory filings. The development adds to the broader telecom and digital-infrastructure narrative, but the source did not provide a confirmed issue date or final offer size beyond the reported estimate 💼.
Source: Business Today, 16 Oct 2026
Not investment advice. For informational purposes only.