Jio Platforms is inching closer to what could be India’s biggest-ever IPO, with the Reliance Industries-backed digital services company expected to file its final offer documents with the Securities and Exchange Board of India (SEBI) in the week starting 12 October, according to a PTI report.
The official price band for the Jio Platforms IPO has not been announced yet.
Market sources and media reports have indicated an estimated price range of around ₹1,300– ₹1,450 per share. However, this remains indicative and could change when the company finalises the IPO structure.
Investors will need to refer to the final Red Herring Prospectus (RHP) for the confirmed price band, lot size and other issue details once it's out.
The latest Jio Platforms IPO grey market premium (GMP) is reported at ₹166, according to Investorgain.com.