From The Economic Times · Akash Podishetti · · 1m 50s
Mega Jio Platforms IPO Leads Rs 31,663 Crore Offerings
Reliance Jio Platforms' Rs 30,213 crore IPO sets record for India's largest public issue this week.
In brief
Reliance Jio Platforms' Rs 30,213 crore IPO sets record for India's largest public issue this week. Reliance Jio Platforms' IPO will raise Rs 30,213 crore, becoming India's largest public issue with a valuation of Rs 10.3 lakh crore. Originally reported by The Economic Times.
IPO Week Overview
India's primary market will see two companies raise a combined Rs 31,663 crore through initial public offerings this week.
Jio Platforms IPO Details
Reliance Jio Platforms is set to launch the country's biggest-ever public issue with a price band of Rs 1,065-1,119 per share.
Jio Platforms Investment
At the upper price band, Jio Platforms seeks a valuation of Rs 10.3 lakh crore, using up to Rs 27,500 crore to repay telecom subsidiary debt.
Jio Platforms Market Impact
Jio Platforms aims to capture a substantial share of India's digital economy expected to reach $1.4 trillion by FY31.
Paras Healthcare IPO
Paras Healthcare will raise Rs 1,450 crore with a price band of Rs 660-693 per share for its IPO.
Paras Healthcare Operations
The hospital chain operates eight hospitals with a combined capacity of 2,211 beds across eight cities in India.
Paras Healthcare Expansion
Paras Healthcare plans to expand its network with a 300-bed hospital in Gurugram and a 500-bed facility in Ludhiana by March 2028.
IPO Week Schedule
Nine companies will list next week with six debuting on the mainboard and three entering SME platforms.
Jio Platforms Allotment
Share allotment for Jio Platforms is expected to be finalised on October 26 with tentative listing on October 28.
Paras Healthcare Allotment
Paras Healthcare's basis of allotment is expected to be finalised on October 26 with tentative listing on October 28.
IPO Week Timeline
The week will see IPO subscriptions close on October 19 for four mainboard companies and three SME listings.
What to remember
Reliance Jio Platforms' IPO will raise Rs 30,213 crore, becoming India's largest public issue with a valuation of Rs 10.3 lakh crore.
