India’s Largest IPO: Jio Platforms sets ₹1,065-1,119 price band, below street estimates
BusinessLine 1 hr ago·14 Oct 2026, 4:27 pm
Reliance Jio Platforms has announced the price band for its massive initial public offering (IPO), which is expected to be India's largest ever. The company is looking to raise funds by selling up to 27 crore equity shares, with a face value of Rs 10 each. The price band has been set between Rs 1,065 and Rs 1,119 per share.
This pricing is notably below the high expectations of many market analysts, who had anticipated a higher valuation. For investors, the move signals a strategy to ensure a strong subscription and wide distribution of shares, potentially making the IPO more accessible to a larger pool of retail investors.
Investors should now focus on the subscription numbers and the overall market sentiment during the offer period. The final issue size and the grey market premium will be key indicators to watch before the listing.
Excerpt from BusinessLine
Reliance Industries’ technology arm Jio Platforms Ltd (JPL) is set to launch India’s largest-ever initial public offering (IPO) at a valuation of ₹28,755-30,213 crore, but lower than brokerage estimates that had pegged the fund raise at ₹33,000-38,000 crore. The company has filed its red herring prospectus (RHP) with…Read the original at BusinessLine
Key takeaways
- Category: IPO.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development and could move the stock. Use the price and stock snapshot to gauge how the market is responding.
