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Jio Platforms Sets IPO Price Band At Rs 1,065-1,119 Per Share
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Moneycontrol•09-10-2026, 17:21
Jio Platforms Sets IPO Price Band At Rs 1,065-1,119 Per Share
- •Jio Platforms Ltd. has reportedly set its IPO price band at 1,065 rupees to 1,119 rupees per share, targeting a market value of up to 10.3 trillion rupees.
- •At the upper end of the price band, the offering is expected to raise about 302 billion rupees, making it India's largest-ever IPO.
- •The public subscription is planned to open on Oct. 21 and close on Oct. 23, with shares expected to begin trading on Oct. 28.
- •The telecom and digital services arm of Reliance Industries Ltd. appointed 19 banks to work on the massive share sale.
- •The valuation falls short of some earlier expectations due to a recent selloff in Indian stocks tempering pricing expectations.
Key Questions Answered
Jio Platforms Ltd. has set its IPO price band at Rs 1,065 to 1,119 per share, targeting a market value of up to 10.3 trillion rupees ($107 billion). At the upper end of this price band, the initial public offering will raise approximately 302 billion rupees, positioning it to become India’s largest-ever IPO.
The public subscription for the Jio Platforms IPO is planned to open on October 21 and close two days later on October 23. Additionally, the anchor book is scheduled to open on October 19, with the company's shares expected to begin trading on October 28.
Jio Platforms filed its draft prospectus to offer as many as 270 million new shares, which is equivalent to approximately 2.93% of its post-issue equity capital.
