Jio may file Rs 30,000 crore IPO prospectus today
In short
Jio Platforms is expected to file its IPO prospectus today for a possible Rs 30,000-crore share sale. The issue may open from October 21 to 23, and the price band could be Rs 1,065 to Rs 1,119 per share.
This could be India’s biggest IPO if it goes ahead. The filing and final terms are not confirmed in a primary document here.
What the reporting says
Jio Platforms is set to file its RHP for a potential Rs 30,000-crore IPO today, according to the publisher-supplied summary. The Reliance Industries subsidiary could open the issue for subscription from October 21 to 23 and may be valued at up to Rs 10.3 lakh crore, with a likely price band of Rs 1,065-1,119 per share. The report says existing investors are not expected to sell stakes, but the filing is not confirmed in a primary document here.
Why it matters
Jio Platforms is reported to be preparing an RHP for a potential Rs 30,000-crore IPO, with subscription possibly opening October 21 to 23. The publisher-supplied summary says the Reliance Industries subsidiary could be valued at up to Rs 10.3 lakh crore and that existing investors are not expected to sell. If completed, the deal would matter for Reliance, IPO investors and the Indian market, but the filing itself is not independently confirmed here.