बिज़नेस
Reliance Jio sets IPO price band at ₹1,065‑₹1,119 per share
Reliance Jio has announced a price band of ₹1,065 to ₹1,119 per share for its highly anticipated IPO, marking a massive offering worth over ₹30,000 crore.
Reliance Jio has disclosed the price band for its upcoming initial public offering, setting the per‑share price between ₹1,065 and ₹1,119. The announcement signals the start of the listing process for the telecom giant, which is expected to be one of the largest IPOs in the country.
The offering, valued at more than ₹30,000 crore, underscores the scale of the deal and reflects strong investor interest in the company’s growth prospects. Analysts note that the size of the IPO could make it a benchmark for future listings in the Indian market.
The shares are slated to be listed on Indian stock exchanges later this year, subject to regulatory approvals and market conditions. Investors will now have the opportunity to subscribe to the issue within the prescribed window, after which the final issue price will be determined based on demand.
The offering, valued at more than ₹30,000 crore, underscores the scale of the deal and reflects strong investor interest in the company’s growth prospects. Analysts note that the size of the IPO could make it a benchmark for future listings in the Indian market.
The shares are slated to be listed on Indian stock exchanges later this year, subject to regulatory approvals and market conditions. Investors will now have the opportunity to subscribe to the issue within the prescribed window, after which the final issue price will be determined based on demand.