Jio Platforms Ltd, the digital services arm of Reliance Industries, has announced the price band for its much-awaited initial public offering (IPO), which is set to open next week.
The IPO Committee of the Board of Directors of Jio Platforms approved the price band between ₹1,065– ₹1,119 per equity share at a meeting held on Wednesday, October 14.
At the upper end of the price band of ₹1,119 per share, Jio Platforms’ IPO is expected to raise around ₹30,213 crore, making it the biggest IPO in India’s stock market history.
The country’s largest IPO to date was that of Hyundai Motor India, which raised approximately ₹27,870 crore in 2024.
Eligible employees bidding under the Employee Reservation Portion will receive a discount of ₹54 per equity share.