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Reliance Jio IPO: Likely Price Band for India's Biggest Listing Revealed. Check Details
Jio expects to raise about Rs 30,213 crore in a fresh issue that will fund debt repayment and corporate purposes.
- Jio Platforms, a Reliance Industries subsidiary, set an IPO price band of ₹1,065–₹1,119 per share, targeting a $108 billion valuation. The issue opens for subscription on October 21 and closes October 23, with shares listing October 28.
- Prepaying ₹275 billion in debt at its telecom subsidiary, Reliance Jio Infocomm, remains central to the strategy. This clears legacy obligations and frees internal cash flows for the company's next growth phase.
- Positioning itself as India's largest-ever IPO, the offering maintains backing from global tech majors Meta Platforms and Google International. Neither firm will sell their stakes, signaling strong institutional confidence in the company's growth trajectory.
- Over $20 billion in early bids has been drawn by the IPO, establishing a sector benchmark. The $108 billion valuation sits below Bharti Airtel's $117 billion market capitalization, sparking debate over tech versus utility positioning.
- Jio plans to fund a 1,650-satellite constellation for Indian broadband, intensifying competition with Starlink founder Elon Musk. Musk recently accused Mukesh Ambani of blocking his market entry to maintain what he termed "monopolistic exploitation.
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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.
·India
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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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Total News Sources66
Leaning Left3Leaning Right11Center7Last UpdatedBias Distribution53% Right
Bias Distribution
- 53% of the sources lean Right
53% Right
14%
C 33%
R 53%
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