Jio Platforms sets Rs 1,065-1,119 IPO price band
In short
Jio Platforms has set its IPO price band at Rs 1,065-1,119 a share. The company plans to raise between Rs 28,755 crore and Rs 30,213 crore, with subscription starting on October 21 and a possible listing on October 28.
This matters because it is a large upcoming stock market debut. The report does not say how investors will respond or whether the schedule will change.
What the reporting says
Jio Platforms has set a price band of Rs 1,065-1,119 for its upcoming IPO, with plans to raise between Rs 28,755 crore and Rs 30,213 crore. Public subscription is scheduled to start on October 21, and shares may list on October 28, according to the summary. The report does not state final demand, allocation details or whether the timetable could change.
Why it matters
Jio Platforms has set an IPO price band of Rs 1,065-1,119 and aims to raise Rs 28,755 crore to Rs 30,213 crore. The offering is scheduled to open on October 21, with a possible listing on October 28. The market significance is high because of the size of the deal, but the source does not state demand, valuation details beyond the band, or final listing certainty.