Stories
Jio Platforms IPO Opens Today With Target To Raise ₹30213 Crore
- •Reliance Industries-backed Jio Platforms IPO opened for public subscription on October 21 and will close on October 23.
- •The price band for the IPO is set between 1,065 and 1,119 rupees with a lot size of 12 shares.
- •The issue aims to raise 30,213 crore rupees, making it India's largest initial public offering to date.
- •The company raised 8,109.84 crore rupees from 212 anchor investors ahead of its public share sale.
- •Brokerages like Motilal Oswal and HDFC Securities have recommended subscribing to the issue for listing gains and long-term investment.
Key Questions Answered
The Jio Platforms initial public offering opened for public subscription on Wednesday, October 21, and will close on Friday, October 23, 2026. The company has set its share price band between 1,065 and 1,119 rupees with a lot size of 12 shares, aiming to raise 30,213 crore rupees. The shares are scheduled to be listed on the BSE and NSE on October 28.
Jio Platforms raised 8,109.84 crore rupees from 212 anchor investors on October 19. The anchor book attracted massive interest with bids exceeding 2.5 lakh crore rupees, resulting in a demand of over 30 times the number of shares allocated.
The proceeds generated from the fresh issue of equity shares are intended to strengthen the overall financial position of the company. Specifically, the funds will be allocated toward debt repayment in Reliance Jio Infocomm alongside supporting general corporate purposes. Furthermore, Jio will continue utilizing resources to develop its network infrastructure, broadband expansion, and digital services.
