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Jio announces price band for over Rs 30,000 crore IPO. Check key dates, GMP and other details
- Reliance Industries Ltd announced on Wednesday that Jio Platforms Ltd will launch its initial public offering on October 21, with up to Rs 2,500 crore reserved for eligible Reliance shareholders, including individuals and HUFs.
- Since its 2016 launch, Jio transformed the Indian telecom sector through aggressive pricing and widespread 4G and 5G adoption, commanding network leadership with over 524 million subscribers across India as of March 2026.
- The IPO comprises a fresh issue of up to 27 crore equity shares of Rs 10 each, managed by 19 book-running lead managers including Kotak Mahindra Capital, Morgan Stanley, BofA Securities, Goldman Sachs and JP Morgan, with KFin Technologies as registrar.
- Up to Rs 500 crore in equity shares will be reserved for eligible employees, while proceeds will be utilized to repay debt and for general corporate purposes, with retail individual investors receiving not less than 35% of the net issue according to the DRHP.
- Expected to be India's largest, the IPO closes on October 23 with listing anticipated October 28; reports suggest the company may raise about Rs 30,000 crore, potentially surpassing Hyundai's Rs 27,870 crore October 2024 offering.
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Jio Platforms IPO GMP today, price band and other details of possibly India's largest public issue
Jio Platforms has set a price band of Rs 1,065 to Rs 1,119 per share for its initial public offering, which could raise about Rs 30,213 crore at the top of the range, making it India's largest.
·Noida, India
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Total News Sources33
Leaning Left2Leaning Right8Center4Last UpdatedBias Distribution57% Right
Bias Distribution
- 57% of the sources lean Right
57% Right
14%
C 29%
R 57%
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