Jio IPO is set to open on October 21. (Image: AI-Generated)
\n\nFor the coming week, the primary market is set for a busy week despite a relatively quiet initial public offering (IPO) calendar due to the holiday-shortened trading week.
\n\nTwo mainboard IPOs are scheduled to open for subscription, but investor attention is expected to remain on the much-anticipated Jio Platforms IPO.
\n\nThe potential listing of Jio Platforms has emerged as one of the most closely watched developments in India’s primary market, given the company’s scale and presence across digital services, telecommunications and technology.
\n\nInvestors will be keenly tracking updates on the proposed public issue, including its size, valuation and timeline, as the offering could become a major milestone for India’s IPO market.
\n\nThe much-anticipated Reliance Jio IPO is scheduled to open for public subscription on Wednesday, October 21, with the company setting a price band of Rs 1,065 to Rs 1,119 per share.
\n\nThe public issue will close on Friday, October 23. Based on the announced price range, the company expects to raise between Rs 28,755 crore and Rs 30,213 crore.
\n\nJio IPO includes a reservation of shares worth up to Rs 500 crore for eligible employees of Jio Platforms…
Original source: https://www.timesnownews.com/business-economy
