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Jio IPO Price Band May Go Up To ₹1,119 To Raise ₹30,200 Crore Starting October 21
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CNBC Awaaz•09-10-2026, 16:35
Jio IPO Price Band May Go Up To ₹1,119 To Raise ₹30,200 Crore Starting October 21
- •According to a Bloomberg report, Jio Platforms is preparing to set an IPO price band of ₹1,065 to ₹1,119 per share.
- •The company aims to raise around ₹30,200 crore through this issue, potentially making it India's largest IPO ever.
- •The IPO is reportedly scheduled to open for subscription on October 21 and close on October 23, with listing expected on October 28.
- •Jio Platforms targets a maximum company valuation of ₹10.3 lakh crore or roughly $107 billion through the public offering.
- •The company has appointed 19 banks, including Morgan Stanley, Bank of America, and Kotak Mahindra Capital, to manage the IPO process.
Key Questions Answered
According to a Bloomberg report, Jio Platforms is preparing to set an IPO price band between ₹1,065 and ₹1,119 per share. The company aims to raise approximately ₹30,200 crore through the public issue.
The Jio Platforms IPO is expected to open for subscription on October 21 and close on October 23, with the anchor book opening on October 19. The shares are tentatively scheduled to list on the stock exchanges on October 28.
Jio Platforms aims for a maximum company valuation of ₹10.3 lakh crore, or roughly $107 billion, through the IPO. The company plans to issue a maximum of 27 crore fresh shares, constituting about 2.93% of its post-issue equity capital.
