Reliance Jio IPO | Reliance shares: Reliance Industries Ltd (RIL) shares rallied more than 2.5% on Wednesday as investors turned their attention to the highly anticipated initial public offering (IPO) of Jio Platforms, the digital and telecom business backed by billionaire Mukesh Ambani.
The public issue opened for subscription on October 21 and will close on October 23. Investors will find out their allotment status after the process is expected to be finalised on October 26, while the shares are scheduled to debut on the BSE and NSE on October 28.
With a potential fundraising of more than ₹30,000 crore, the offering is set to become India's largest IPO by issue size, surpassing Hyundai Motor India's ₹27,800-crore issue launched in October 2024.
Jio Platforms has priced its shares between ₹1,065 and ₹1,119 apiece. At the upper end of the band, the company is valued at approximately $108.3 billion, or around ₹10.3 lakh crore.
The stock jumped as much as 2.6% to its day's high of ₹1,234.60 per share on BSE. It is now 23% away from its 52-week high of ₹1,611.20, hit in January 2026. Meanwhile, it touched its 52-week low of ₹1,152.30 last week on October 13.