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Jio Platforms Reportedly Sets IPO Price Band for October Listing
Jio Platforms is preparing to sell shares to the public.
A Bloomberg report says each share may cost between ₹1,065 and ₹1,119.
The company is aiming for a value of up to ₹10.3 lakh crore.
At the highest price, it could raise about ₹30,200 crore.
The reported plan is to let people apply for shares from October 21 to October 23.
The shares may start trading on October 28.
These dates and prices are not official and could change.
If the reported plan goes ahead, it would be India’s biggest IPO so far.
Bloomberg reported that Jio Platforms is considering an IPO price band of ₹1,065–₹1,119 per share.
The company is targeting a market value of up to ₹10.3 lakh crore and could raise about ₹30,200 crore at the top of the band.
The reported schedule has subscriptions opening on October 21 and closing on October 23, with the anchor book opening October 19.
Shares are expected to begin trading on October 28, though the price, valuation and timetable may still change.
If completed at the reported size, the offering would surpass Hyundai Motor India’s ₹27,800-crore IPO from October 2024.
- Who
- Jio Platforms Ltd., the telecom and digital services arm of Reliance Industries Ltd.
- What
- A planned IPO reportedly priced at ₹1,065–₹1,119 per share, with a target market value of up to ₹10.3 lakh crore.
- Where
- India.
- When
- The reported subscription period is October 21–23; the anchor book is expected to open October 19 and trading to begin October 28. The year is not specified in the articles.
- Why
- Jio Platforms is planning a public share sale; the articles do not state a specific reason for the IPO.
Key facts
- Reported price band
- ₹1,065–₹1,119 per share
- Target market value
- Up to ₹10.3 lakh crore
- Potential proceeds
- About ₹30,200 crore at the upper end of the reported band
- Subscription dates
- October 21–23, according to the report
- Expected trading date
- October 28, according to the report
- Comparison
- Hyundai Motor India’s ₹27,800-crore IPO in October 2024
- Status
- Jio has not officially announced the IPO details; reported terms may change
Sources
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