Reliance Jio IPO approved: Is it too late to buy RIL shares to be eligible for shareholder quota?

Jio Platforms has received Sebi approval for its IPO, which could be India's largest at about Rs 37,700 crore, comprising a fresh issue of up to 27 crore equity shares of Rs 10 face value. The DRHP confirms a reservation of shares for eligible Reliance Industries shareholders, though the quantum and record date are yet to be disclosed in the Red Herring Prospectus. Of the proceeds, about Rs 27,500 crore will go toward prepaying borrowings of Reliance Jio Infocomm, with RIL holding a 66.43 percent stake in Jio Platforms alongside investors such as Meta, Google, PIF, KKR, Vista Equity Partners, Mubadala and General Atlantic.