Jio Platforms Rs 37,700 crore IPO likely to open on October 21
Mukesh Ambani-led Jio Platforms is preparing an initial public offering estimated at $4 billion, or Rs 37,700 crore, people familiar with the development told ET. The price band is likely Rs 1,150-1,220 per share, with the issue opening on October 21, closing October 23 and listing targeted for October 28. It would surpass Hyundai Motor India's Rs 27,859 crore issue of 2024 as India's largest IPO. Up to Rs 27,500 crore will prepay RJIL borrowings.