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Jio IPO opens for subscription: Key details of India's largest IPO

Jio Platforms opened its India-record IPO for subscription with a price band of Rs 1,065 to Rs 1,119 per share.

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Jio Platforms' initial public offering, India's largest IPO to date, opened for subscription on Wednesday, according to the offer documents. The company set the price band at Rs 1,065 to Rs 1,119 per share, valuing it at around $108 billion, and plans to raise approximately Rs 30,213 crore through a fresh issue of up to 27 crore shares. The issue closes on October 23, and Reliance Industries Ltd, led by Mukesh Ambani, will continue to hold a majority stake after listing.

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Jio IPO opens for subscription: Key details of India's largest IPO

Jio's initial public offering opened for subscription on Tuesday, marking what is being called India's largest IPO. The offering from Reliance Industries' telecom and digital services arm has generated significant investor interest. The IPO is expected to raise substantial capital for the company, which has become a dominant player in India's telecom market since its launch. Analysts are watching the subscription numbers closely as an indicator of market sentiment. The listing date and final pricing details will be confirmed after the subscription period closes.

Times of India

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