From mint · Sharmila Bhadoria · · 40s
Reliance Jio IPO Price Band
Reliance Jio's IPO likely priced at ₹1,065, ₹1,119 per share, valuing company at ₹10.3 trillion.
In brief
Reliance Jio's IPO likely priced at ₹1,065, ₹1,119 per share, valuing company at ₹10.3 trillion. Reliance Jio Platforms is set to price its IPO shares at ₹1,065, ₹1,119 per share, potentially valuing the company at up to ₹10.3 trillion. Originally reported by mint.
IPO Price Band Alert
Reliance Jio Platforms reportedly planning IPO priced at ₹1,065, ₹1,119 per share.
“Jio Platforms is reportedly planning an IPO priced at ₹ 1,065, ₹ 1,119 per share”
Potential Valuation
The telecom giant could value the company at up to ₹10.3 trillion with ₹30,200 crore raised.
“potentially valuing the company at up to ₹ 10.3 trillion and raising about ₹ 30,200 crore”
IPO Timeline
IPO opens October 21, subscription closes October 23, debut on October 28.
“Jio Platforms’ IPO is planning to open for public subscription on Wednesday, October 21”
Market Impact
Jio IPO likely to surpass Hyundai Motor India’s ₹27,800 crore listing in value.
“Jio IPO is now poised to surpass Hyundai Motor India Limited’s ₹ 27,800 crore IPO listing”
In short
Reliance Jio Platforms is set to price its IPO shares at ₹1,065, ₹1,119 per share, potentially valuing the company at up to ₹10.3 trillion.
