Reliance Jio IPO: Likely Price Band for India's Biggest Listing Revealed. Check Details
The offering is expected to raise about Rs 30,213 crore and attract strong institutional demand as Jio seeks to cut debt and unlock value.
- Jio Platforms set an IPO price band of ₹1,065–₹1,119 per share on Wednesday, with anchor investor bidding occurring today, Monday, October 19. Public subscription opens in two days, on Wednesday, October 21.
- Aiming for a $108 billion valuation, the company plans to use ₹275 billion from proceeds to prepay debt at Reliance Jio Infocomm, its telecom subsidiary. Remaining funds will support "gigawatt-scale green AI infrastructure" and a 1,650-satellite constellation.
- Global tech majors Meta Platforms and Google, holding nearly 10% and 7.7% stakes respectively, are retaining their investments. Institutional giants including BlackRock and Fidelity have signaled demand for the share sale.
- The offering has already attracted over $20 billion in institutional bids, reinforcing its record-setting potential before public subscription closes on Friday, October 23. This demand underscores confidence in India's largest-ever IPO.
- Jio's satellite expansion has intensified rivalry with Starlink founder Elon Musk, who accused the company of "monopolistic exploitation" in India. Investors remain divided on whether Jio qualifies as a tech business or traditional utility provider.
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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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