Reliance Jio IPO set for October 21 at up to ₹1,119
In short
Reliance Jio’s IPO is set to open on October 21. The price band is ₹1,065 to ₹1,119 per share, and the fresh issue could raise about ₹30,213 crore.
This could be India’s biggest IPO if it goes through as reported. The final demand and how much money is actually raised are still not known.
What the reporting says
Reliance Jio’s IPO will open on October 21 with a price band of ₹1,065 to ₹1,119 per share and could raise about ₹30,213 crore, according to a Mint Markets summary. The report says the offer may become India’s largest IPO and has drawn interest from global and domestic institutional investors. What remains unclear is the final subscription outcome and whether the fundraising target will be met.
Why it matters
Reliance Jio Platforms’ IPO is scheduled to open on October 21 with a reported price band of ₹1,065 to ₹1,119 per share. The fresh issue could raise about ₹30,213 crore, which the summary says would make it India’s largest IPO. The report also says investor interest is strong, but the final response from the market and the completed issue size are not yet known.