India's Biggest IPO, Groww's Q2 Profit Run & More
India, Oct. 15 -- Jio All Set For Its Mega IPO
Reliance's digital crown is heading down the Dalal Street. In what could be India's biggest IPO yet, Jio Platforms has filed its RHP with SEBI for a Rs.30,213 Cr listing. So, what does Jio Platforms' IPO stack look like?
India's Biggest IPO: Jio Platforms' public issue, which consists entirely of a fresh issue of 27 Cr equity shares, will open for subscription on October 21 and close on October 23. The digital giant has set a price band of Rs.1,065 to Rs.1,119 per share for its issue, which will value the company at a nifty Rs.10.3 Lakh Cr.
Who Owns Jio? Reliance Industries holds 66.43% of the company, while big tech giants Meta and Google own 9.98% and 7.73%, respectively. Beyond the capt...
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