Mumbai, Oct. 14 -- Jio Platforms Limited, a subsidiary of Reliance Industries Limited (RIL), has fixed the price band for its initial public offering (IPO) at Rs 1,065 to Rs 1,119 per equity share. The IPO will open for subscription on October 21 and close on October 23, according to regulatory filings by RIL on Wednesday.

The IPO Committee of the Board of Directors of Jio Platforms approved the price band, with the floor price set at Rs 1,065 per share and the cap price at Rs 1,119 per share.

The company plans to issue up to 27 crore fresh equity shares of face value Rs 10 each. The bidding for anchor investors, typically large institutional investors who invest ahead of a public offering, will take place on October 19.

According to t...