Reliance Jio files RHP, announces IPO dates for India’s biggest listing
Reliance Jio has filed its red herring prospectus with the registrar of companies (ROC), which showed that the company will launch its IPO on October 21. The issue will be open for subscription till October 23. The public offer, which will be India’s biggest, is a fresh issue sale of 27 crore shares. The company has fixed the price band for its much-awaited IPO at Rs 1,065-1,119 per share. At the lower end of the price band, Jio Platforms could raise Rs 28,755 crore. At the cap price of Rs 1,119, the IPO size would rise to about Rs 30,213 crore.
