Reliance Jio IPO: Likely Price Band for India's Biggest Listing Revealed. Check Details
The issue is expected to raise up to $3.2 billion and could become India’s largest IPO, with strong institutional demand already reported.
- Jio Platforms set an IPO price band of ₹1,065–₹1,119 per share on Wednesday, valuing the company at $108 billion for up to 270 million new shares; the offering opens for public subscription on October 21.
- Reliance Industries' digital arm plans to use IPO proceeds to prepay ₹275 billion in debt at its telecom subsidiary, Reliance Jio Infocomm, while funding gigawatt-scale green AI infrastructure and satellite expansion.
- Global tech majors Meta and Google, holding nearly 10% and 8% stakes in Jio respectively, are not exiting their investments via this offering, signaling institutional confidence in the company's long-term growth.
- The $108 billion valuation positions Jio below rival Bharti Airtel, which trades at over $117 billion market capitalization, establishing a key benchmark for India's telecom sector valuations, per LSEG data.
- Jio plans to fund a 1,650-satellite constellation for Indian broadband, intensifying rivalry with Starlink founder Elon Musk, who recently accused the company of "monopolistic exploitation" of the market.
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Reliance Jio IPO Anchor Demand: LIC, SBI MF, BlackRock & ADIA seek shares ahead of historic public offer
NEW DELHI: Ahead of its public bidding window opening from October 21 to October 23, 2026, Jio Platforms’ upcoming initial public offering has reportedly attracted nearly Rs 2.5 lakh crore in non-binding institutional commitments. The issue, which is structured entirely as a fresh issue of shares, represents the largest stock market debut in Indian corporate history. The anchor and institutional allocations have witnessed interest from top-tier …
Jio IPO News Update: This interest from investors in Jio's IPO comes at a time when the company is preparing to list on the Indian stock market.
Jio IPO News Live: Jio Platforms' IPO is gaining traction among stock market investors. The company has set a price ceiling of ₹1,119 per share for this ₹30,213 crore IPO. Investors must bid for a minimum of 12 shares, or ₹13,428 per lot.
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