Jio Platforms sets Rs 1,065-1,119 IPO price band
In short
Jio Platforms has set a price band of Rs 1,065 to Rs 1,119 for its IPO. The company plans to raise Rs 28,755 crore to Rs 30,213 crore, with public subscription set to start on October 21 and a possible listing on October 28.
This matters because it could be one of India’s biggest listings. The final offer size and how investors will value the shares after listing are not stated in the available reporting.
What the reporting says
Jio Platforms set an IPO price band of Rs 1,065-1,119 for its upcoming listing. The publisher summary says the company plans to raise Rs 28,755 crore to Rs 30,213 crore, with public subscription scheduled to start on October 21 and a possible listing on October 28. The reporting does not state whether the offering size could change or how the shares will trade after listing.
Why it matters
Jio Platforms set an IPO price band of Rs 1,065-1,119 and is aiming to raise Rs 28,755 crore-Rs 30,213 crore, according to the publisher summary. The offer is scheduled to open on October 21, with a possible listing on October 28. The reporting does not state the final issue size, investor demand, or post-listing performance.