Jio Platforms sets IPO price band at ₹1,065-1,119, targets to raise record ₹30,213 crore
Mumbai: Jio Platforms Ltd, the digital and telecom arm of Reliance Industries, has set a price band of ₹1,065 to ₹1,119 per share for its initial public offering that could raise about ₹30,213 crore at the top of the range, making it India’s largest.
The IPO, comprising a fresh issue of up to 27 crore equity shares of ₹10 face value each, opens for subscription on Wednesday, October 21, and closes on Friday, October 23. Anchor investor bidding is on Monday, October 19, according to regulatory filings by Reliance.
