Jio Platforms IPO Live Updates: Reliance Industries’ digital services arm, Jio Platforms, is opening its much-awaited initial public offering (IPO) for public subscription on October 21. The three-day IPO will be closed on October 23.
Jio Platforms has fixed the price band at Rs 1,065-1,119 per equity share, while the lot size has been set at 12 shares. At the upper end of the price band, retail investors will need to invest a minimum of Rs 13,428 to apply for one lot.
The issue comprises a fresh offering of about 27 crore equity shares, with no offer for sale (OFS) by existing shareholders. The IPO is expected to value Jio Platforms at around Rs 10.3 lakh crore at the upper end of the price band, placing it among India’s most valuable listed companies if the valuation is sustained after listing.
In this Jio IPO liveblog, follow the latest updates on the Day 1 subscription status, GMP today, price band, lot size, issue details, expert reviews, allotment date and expected listing date. We will also bring you important developments related to the public issue as they emerge. Stay tuned for live updates on the Jio Platforms IPO.
Disclaimer: News18 is part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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