Reliance Jio IPO, Oct. 21 -- The much-awaited mega issue Jio Platforms IPO is all set to open for subscription today, Wednesday, October 21 and will remain open until Friday, October 23. The shares are expected to list on the BSE and NSE on Wednesday, October 28. The allotment of shares of Jio Platforms IPO are likely to be finalised on Monday, October 26.

Jio Platforms has fixed its IPO price band at Rs.1,065- Rs.1,119 per share and is expected to raise approximately Rs.30,213 crore through a fresh issue of 27 crore shares. At the upper end of the price band, the company's valuation is estimated at around $108.3 billion.

The majority of the proceeds will be used to repay or prepay borrowings of Reliance Jio Infocomm, while the remainin...