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Jio IPO And Paras Healthcare Set To Energize The Primary Market
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News18•19-10-2026, 15:01
Jio IPO And Paras Healthcare Set To Energize The Primary Market
- •Jio Platforms will launch its massive IPO worth Rs 30,188 crore alongside Paras Healthcare.
- •The Jio Platforms IPO will open for subscription on October 21 and close on October 23 with a price band of Rs 1,065 to 1,119 per share.
- •This share sale is set to become India's largest IPO, surpassing previous records.
- •A total of nine companies are expected to make their stock market debut during the week.
Key Questions Answered
The Jio Platforms IPO will open for subscription on October 21 and close on October 23. The company has fixed a price band of Rs 1,065 to Rs 1,119 per share, offering a Rs 54 per share discount to employees.
Jio Platforms' IPO is valued at Rs 30,188 crore (or up to Rs 30,213 crore at the upper end), making it India's largest IPO ever. It surpasses previous records set by Hyundai Motor India's 2024 public offering worth Rs 27,859 crore, the National Stock Exchange's 2026 IPO, and LIC's 2022 offering.
Excluding issue expenses, Jio Platforms plans to allocate Rs 27,500 crore of the IPO proceeds to repay or prepay borrowings of its primary subsidiary, Reliance Jio Infocomm. The remaining funds will be utilized for general corporate purposes.
