Reliance-backed Jio Platforms IPO RHP: 10 key risks investors can't afford to miss out before subscribing
Jio Platforms IPO, Oct. 15 -- Jio Platforms, the telecom and digital services subsidiary of Reliance Industries, has fixed its IPO price band at Rs.1,065- Rs.1,119 per share. The offering is expected to mobilise Rs.30,213 crore at the upper end of the price range, potentially making it the largest initial public offering in India.
The public issue will comprise a fresh issuance of up to 27 crore equity shares, each with a face value of Rs.10. Subscription will open on Wednesday, 21 October, and close on Friday, 23 October. The anchor investor bidding window is scheduled for Monday, 19 October, according to Reliance Industries' regulatory filings.
The price band was approved by the IPO committee of Jio Platforms' board at a meeting held ...
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