Jio IPO Opens On October 21: Check Latest GMP, Price Band, Issue Size, And Other Key Details

Jio IPO is set to open on October 21. (Image: AI-Generated)

The 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. Jio Platforms, the digital services arm of Reliance Industries, has filed its Red Herring Prospectus (RHP) with the Registrar of Companies, Gujarat, at Ahmedabad.

The 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. The offering could become India's largest-ever IPO in rupee terms, surpassing Hyundai Motor India's Rs 27,870 crore public issue launched in 2024.

Investors will be able to subscribe to the Jio Platforms IPO during the three-day window from October 21 to October 23. The shares are expected to be listed on the BSE and the National Stock Exchange (NSE), with the market debut scheduled for October 28.

The revised issue size is approximately 14 per cent lower than the nearly Rs 35,000 crore indicated in the earlier draft papers. Despite the reduction, the offering is set to surpass previous records for public issues in India, provided…

Original source: https://www.timesnownews.com/business-economy