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Reliance Shares Jump 3 Percent As Jio IPO Price Band Is Set At 1065 To 1119 Rupees
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News18•15-10-2026, 15:50
Reliance Shares Jump 3 Percent As Jio IPO Price Band Is Set At 1065 To 1119 Rupees
- •Reliance Industries shares surged 3.44 percent to reach 1215 rupees following the announcement of the Jio IPO price band.
- •The Jio IPO price band is set at 1065 to 1119 rupees per share aiming to raise 30213 crore rupees making it India's largest public issue.
- •The IPO is a 100 percent fresh issue with no Offer for Sale and the proceeds will be used to repay Reliance Jio Infocomm debt.
- •Major brokerages like Religare Broking and Motilal Oswal remain bullish with target prices up to 1696 rupees.
Key Questions Answered
Jio Platforms has fixed its IPO price band at ₹1,065 to ₹1,119 per share. At the upper end of this price band, the company will issue 27 crore fresh shares to raise ₹30,213 crore, making it India's largest public issue in history.
The Jio IPO is a 100 percent fresh issue with no Offer for Sale (OFS). The company will use a maximum of ₹27,500 crore from the net proceeds directly to repay the debt of Reliance Jio Infocomm, significantly strengthening its balance sheet.
Following the announcement of the Jio IPO price band, Reliance Industries shares surged by about 3.44% to reach ₹1,215. This sharp increase pushed Reliance's market capitalization past the ₹16.44 lakh crore mark.
