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Reliance Jio IPO: Likely Price Band for India's Biggest Listing Revealed. Check Details
The offering could raise up to Rs 30,213 crore, with proceeds set aside mainly to repay borrowings at Reliance Jio Infocomm.
- Jio Platforms set an IPO price band of ₹1,065–₹1,119 per share, valuing the company at approximately $108 billion. Public subscription opens October 21 and closes October 23, with anchor investor bidding scheduled for Monday, October 19.
- Reliance intends to use proceeds to prepay ₹275 billion in debt at telecom subsidiary Reliance Jio Infocomm while funding a 1,650-satellite constellation and "gigawatt-scale green AI infrastructure" for future growth.
- Valued at $108 billion, Jio trails rival Bharti Airtel's $117 billion market capitalization, reflecting investor skepticism about tech positioning. Meta and Google retain their stakes, signaling institutional confidence despite valuation concerns.
- Starlink founder Elon Musk recently accused Reliance chairman Mukesh Ambani of "monopolistic exploitation" regarding market entry, intensifying rivalry as the IPO attracts significant institutional interest.
- Shares are expected to list on October 28. Analysts view the offering as a critical benchmark for the Indian telecom sector, testing public-market appetite for the country's largest mobile carrier.
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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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