Reliance Jio sets IPO price band at Rs 1,065-1,119
In short
Reliance Jio has set its IPO price band at Rs 1,065 to Rs 1,119 per share. The report says that values the company at about Rs 10.3 lakh crore and could make it the biggest IPO in Indian history.
This matters to investors watching the issue size and valuation. The report says analysts think the price looks fair, but some growth may already be built into it.
What the reporting says
Reliance Jio announced an IPO price range of Rs 1,065 to Rs 1,119 per share, according to the ET Markets summary. The report says the issue implies a valuation of about Rs 10.3 lakh crore and could be the largest IPO in Indian history. Analysts are said to view the valuation as reasonable, but the summary says expected growth may already be priced in.
Why it matters
Reliance Jio announced an IPO price range of Rs 1,065 to Rs 1,119 per share, implying a valuation of about Rs 10.3 lakh crore. The report frames it as the largest IPO in Indian history and says analysts consider the valuation reasonable while warning that future growth may already be priced in. The summary does not state the issue date, size, or listing timeline.