Jio to price IPO at Rs 1065-1119, target valuation of Rs 10.3 lakh crore
Jio Platforms is set to price its shares at ₹1,065 to ₹1,119 apiece in its planned initial public offering, according to a Bloomberg report.
The company is targeting a market value of as much as ₹10.3 trillion ($107 billion), the report said quoting sources.
At the upper end of the price band, Jio’s IPO would raise about ₹302 billion, according to Bloomberg calculations. That would keep it on track to become India’s largest-ever IPO.
