# Jio Platforms IPO Price Band Set

> Jio Platforms targets ₹10.3 lakh crore valuation for India's largest IPO, pricing shares at ₹1,065-1,119.
- Title: Jio Platforms IPO Price Band Set · mint | Shortify
- Summary: Jio Platforms targets ₹10.3 lakh crore valuation for India's largest IPO, pricing shares at ₹1,065-1,119. Jio Platforms plans to list at ₹1,065-1,119 per…
- Keywords: jio platforms, ipo, reliance industries, mukesh ambani, akash ambani, india, diwali, stock market, bloomberg, reliance jio, money, business
- Source: mint — https://livemint.com/market/ipo/jio-platforms-ipo-price-band-size-valuation-date-11791553042606.html
- Published: 2026-10-09T13:52:14+00:00
- Read time: 1 min
- Topics: jio platforms, ipo, reliance industries, mukesh ambani, akash ambani, india, diwali, stock market, bloomberg, reliance jio, money, business
## IPO Price Band
Jio Platforms plans to price shares at ₹1,065-1,119 for an IPO raising ₹30,200 crore.

> Jio Platforms Ltd. is set to price its shares at ₹ 1,065-1,119 in what's shaping up to be India's largest initial public offering (IPO)
## Valuation Target
The company aims for an implied valuation of ₹10.3 lakh crore, smaller than earlier expectations.

> Jio Platforms is seeking to raise up ₹ 30,200 crore in its IPO for an implied valuation of ₹ 10.3 lakh crore
## Listing Timeline
Public subscription opens 21 October with trading expected on 28 October before Diwali.

> The company is targeting a market value of as much as ₹ 10.3 lakh crore, the people said, asking not to be identified because the information isn’t yet public
## Market Context
The IPO could surpass Hyundai Motor India's ₹27,800-crore share sale from October 2024.

> The valuation falls short of some earlier expectations, though the offering is still poised to surpass hyundai motor india ltd.'s ₹ 27,800-crore share sale in October 2024
## Valuation History
Earlier valuations ranged from $130 billion to $170 billion, now down to ₹10.3 lakh crore.

> Valuations floated earlier were even higher, in the range of $130 billion to $170 billion at one point
## Reliance Discount
Reliance shares reflect a 36% discount on its stake in Jio Platforms compared to market standards.

> Reliance’s share price implies a roughly 36% discount on its two-thirds stake in Jio, according to Nimish Maheshwari
## Listing Impact
Jio's IPO could become India's largest, with investors gaining direct access to the telecom unit.

> Such discounts are common for parent companies because their shareholders only get indirect exposure to the businesses they own
## Key takeaway

Jio Platforms plans to list at ₹1,065-1,119 per share for an IPO raising ₹30,200 crore, aiming to become India's largest IPO before Diwali.