New Delhi, Oct. 19 -- Jio Platforms' initial public offering (IPO) is scheduled to open on 21 October and close on 23 October 2026. The price band has been set at Rs.1,065- Rs.1,119 per share.

The issue is expected to raise around Rs.30,213 crore through a fresh issue of 27 crore shares. At the upper end of the price band, Jio Platforms would be valued at approximately $108.3 billion.

The proceeds will primarily be used to repay or prepay borrowings at Reliance Jio Infocomm, with the remaining funds earmarked for general corporate purposes.

Following the fresh issue, Reliance Industries' stake in Jio Platforms is expected to decline from approximately 66.43% to around 64.4%. However, RIL will retain majority control of the digital and ...