Stories
Jio Platforms And Paras Healthcare Lead Busy Holiday-Shortened Primary Market Week
- •Jio Platforms is launching India's largest-ever IPO worth Rs 30,187.6 crore, opening for subscription from October 21 to October 23 with a price band of Rs 1,065-1,119 per share.
- •Gurugram-based hospital operator Paras Healthcare will also open its Rs 1,450-crore IPO on October 21, aiming to utilize part of the proceeds for debt repayment.
- •The stock market will remain closed on October 20 on account of Dussehra, making it a holiday-shortened trading week.
- •Nine companies are scheduled to make their stock market debuts across mainboard and SME segments during the week.
- •Other key IPOs closing this week include Zetwerk Manufacturing Business, Tonbo Imaging India, Bonfiglioli Transmissions, and Sahajanand Medical Technologies.
Key Questions Answered
The Jio Platforms IPO opens for subscription on October 21 and closes on October 23, with anchor bidding on October 19. The price band is fixed at Rs 1,065 to Rs 1,119 per share. The public issue is valued at Rs 30,187.6 crore after accounting for an employee discount of Rs 54 per share, making it India's largest IPO.
Paras Healthcare plans to raise Rs 1,450 crore through its public issue with a price band of Rs 660 to Rs 693 per share. The hospital chain intends to utilize Rs 375 crore from the fresh issue proceeds to repay debt, while the remaining funds will be allocated for general corporate purposes.
Nine companies are scheduled to make their stock market debuts this week across mainboard and SME segments. Mainboard offerings like Zetwerk, Sahajanand Medical Technologies, Bonfiglioli Transmissions, and Tonbo Imaging India are scheduled to list on October 23, while HD Fire Protect debuts on October 21.
