Reliance Jio IPO opens with Rs 2,500 crore shareholder quota
In short
Reliance Jio Platforms’ IPO is set to open on October 21, 2023. Shares are priced at Rs 1,065 to Rs 1,119, and Reliance Industries shareholders have a Rs 2,500 crore reservation.
Investors can apply in the shareholder and retail categories. The reporting does not say how much demand there will be or whether the issue will be fully subscribed.
What the reporting says
Reliance Jio Platforms’ IPO is set to open for public subscription on October 21, 2023, with shares priced between Rs 1,065 and Rs 1,119. The summary says Reliance Industries shareholders can use a Rs 2,500 crore reservation, and eligible investors may apply in both the shareholder and retail categories. Allotment is set for October 26 and listing for October 28, but the reporting does not state subscription demand or final proceeds.
Why it matters
Reliance Jio Platforms’ IPO is scheduled to open for public subscription on October 21, 2023, with a price band of Rs 1,065 to Rs 1,119 and a Rs 2,500 crore reservation for Reliance Industries shareholders. The summary also gives allotment and listing dates. The immediate market focus is on subscription and allotment, but the reporting does not state demand levels or the final outcome.