Jio sets ₹1,065-₹1,119 price band for IPO
In short
Jio set its IPO price band at ₹1,065 to ₹1,119 per share. At the low end, the company could raise ₹28,755 crore. At the top end, it could raise about ₹30,213 crore.
This matters because it shows how big the share sale could be for investors and markets. The reporting does not say if the final issue size or launch date will change.
What the reporting says
Jio set the price band for its planned IPO at ₹1,065-₹1,119 per share, according to publisher-supplied market summaries. At the lower end, Jio Platforms could raise ₹28,755 crore, while the upper end implies about ₹30,213 crore. The reporting does not say whether the final size or timing will change further.
Why it matters
Jio set a price band of ₹1,065-₹1,119 per share for its planned IPO, based on publisher-supplied market summaries. The same reporting says the issue could raise ₹28,755 crore at the lower end and about ₹30,213 crore at the upper end. The immediate market focus is on valuation and potential deal size, but the reporting does not confirm any final subscription outcome or timetable change.