India, Oct. 14 -- Telecom giant Jio Platforms has set a price band of Rs.1,065-Rs.1,119 per share for its IPO, which is set to open for public subscription next week.

The company is seeking to raise Rs.30,213 Cr at the upper end of the price band, overtaking Hyundai Motor's Rs.27,870 Cr IPO in 2024 to become the largest public offering to hit the Indian equities market till date.

At the upper end of the IPO, RIL's telecom arm is seeking a valuation of Rs.10.3 Lakh Cr for the IPO.

Jio filed its red herring prospectus (RHP) earlier today for its IPO comprising a fresh issue of up to 27 Cr equity shares. Post anchor bidding on October 19 (Monday), the IPO will open for public subscription on October 21 and close on October 23.

The telco ...