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Uday Kotak Calls Jio IPO a Historic Milestone for India
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CNBC TV18•15-10-2026, 17:45
Uday Kotak Calls Jio IPO a Historic Milestone for India
- •Uday Kotak praised Jio Platforms as a defining force in India's digital transformation during a press conference in Mumbai.
- •The Jio Platforms IPO will open for subscription on October 21 and close on October 23, with a price band set between ₹1,065 and ₹1,119 per equity share.
- •Kotak recalled attending the 1977 Reliance Industries IPO as an 18-year-old, describing the current Jio mega issue as a full-circle moment.
- •He highlighted Jio's massive scale, noting its 53 crore customers and its crucial role in democratising mobile and digital connectivity across India.
- •Kotak credited next-generation leaders Akash Ambani and Isha Ambani for building new-age businesses under the guidance of Mukesh Ambani.
Key Questions Answered
The Jio Platforms IPO will open for public subscription on Wednesday, October 21, 2026, and close on Friday, October 23, 2026. Additionally, the bidding window for anchor investors is scheduled for Monday, October 19, 2026.
The IPO Committee of Jio Platforms Limited approved a price band of ₹1,065 to ₹1,119 per equity share, following extensive investor consultations.
At the upper end of the price band, the public issue is expected to raise up to ₹30,213 crore, positioning it to become India’s largest-ever initial public offering.
