Reliance Jio IPO: Apply or not? Should you subscribe to issue after launch or wait for listing? What GMP signals?
Reliance Jio IPO, Oct. 15 -- The much-awaited Jio Platforms IPO is all set to hit the primary market on Wednesday, 21 October. Reliance Industries digital subsidiary company, on Wednesday, filed its Red Herring Prospectus (RHP) with the Registrar of Companies, Gujarat, at Ahmedabad.
Jio Platforms IPO, which will remain open for subscription till Friday, 23 October, also announced the IPO price band at Rs.1,065- Rs.1,119 per equity share. The company is expected to raise between Rs.28,755 crore and Rs.30,213 crore through the public issue.
Jio Platforms IPO comprises a completely fresh issue of up to 27 crore equity shares, with no offer-for-sale (OFS) component. This means that existing shareholders will not offload any of their holding...
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