From mint · A Ksheerasagar · · 1m
Reliance Jio IPO: $100bn valuation
Manish Chokhani salutes Mukesh Ambani as Jio Platforms targets $100bn valuation with 500m customers.
In brief
Manish Chokhani salutes Mukesh Ambani as Jio Platforms targets $100bn valuation with 500m customers. Jio Platforms' IPO aims to raise ₹30,213 crore with 500 million customers and a $100 billion valuation. Originally reported by mint.
Jio Platforms IPO details
Jio Platforms' IPO opens October 21 with a price band of ₹1,065, ₹1,119 per share.
IPO size and impact
The fresh issue could raise about ₹30,213 crore, making it India's largest IPO.
Investor interest
Global and domestic investors reportedly eye nearly ₹2.5 lakh crore in commitments.
Investor participation
Sovereign wealth funds and asset managers like BlackRock express interest in anchor book participation.
Employee discounts
Eligible employees receive ₹54 discount per equity share on subscription.
Manish Chokhani's praise
Chokhani highlights Jio's growth from zero to 500 million customers with $100 billion valuation.
Mukesh Ambani saluted
Chokhani salutes Reliance Industries Chairman Mukesh Ambani for Jio's achievement.
The big picture
Jio Platforms' IPO aims to raise ₹30,213 crore with 500 million customers and a $100 billion valuation.
