Will The Jio Platforms IPO Live Up To Its Billing?
India, Oct. 19 -- It's already called the biggest IPO in India, but Reliance Industries Limited is leaving no stone unturned. RIL chairman Mukesh Ambani has reportedly urged all 4.2 Lakh Reliance employees to invest in the IPO, even paying their salaries in advance.
Whether this is a show of strength or a safety net will only become clear after October 23 when the Jio Platforms IPO closes. RIL employees or not, investors will need to look at what can drive Jio's growth from here and whether its digital businesses can deliver meaningful returns for those who back its IPO .
The company's Rs.30,213 Cr IPO will open for subscription on October 21 and close on October 23, with a price band of Rs.1,065-Rs.1,119 per share. At the upper end, th...
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