Reliance Jio IPO, Oct. 16 -- India's largest-ever initial public offering (IPO) - Jio Platforms IPO - is set to open for public subscription on Wednesday, 21 October. With a price band of Rs.1,065- Rs.1,119 per equity share, the company intends to raise between Rs.28,755 crore and Rs.30,213 crore through the public issue. Jio IPO is a completely fresh issue of up to 27 crore equity shares.

Mukesh Ambani-led oil-to-telecom-to-retail conglomerate Reliance Industries (RIL) currently owns a 66.43% stake in Jio Platforms. Among other major stakeholders in the company are Meta Platforms (9.98% stake through its affiliate, Jaadhu Holdings LLC) and Google International LLC (7.73% stake).

Jio IPO is one of the most sought-after IPOs in India in ...