Jio Platforms IPO May Open on October 21, Issue Estimated at $3.8 Billion: Report
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Jio Platforms IPO may open on October 21, issue estimated at $3.8 billion: Report
The IPO is expected to remain open until October 23, with the anchor book likely to open on October 19. The shares are targeted to list on the stock exchanges on October 28, although the timeline remains subject to market conditions and could change depending on developments in financial markets, the report added.
Final touch underway for Jio Platforms IPO; latest GMP, expected launch date, size, valuation, shareholders quota
Jio Platforms is finalising its IPO documents for what may be India's largest public offering, estimated at $3.8 billion. Led by Akash Ambani, the IPO marks Reliance's first offering since 2008 and aims to engage global investors before a late 2026 market launch.
Jio Platforms IPO in final stages after concluding worldwide roadshows
Jio Platforms is on the verge of launching what is projected to be the largest public offering in India, targeting USD 3.8 billion. International roadshows spearheaded by Akash Ambani and Isha Ambani have garnered interest. Following approval from Sebi, Jio Platforms plans to release new equity shares, constituting about 2.9 percent of its base.
The company may also hold roadshows in India. The bidding process for anchor investors is expected to begin before Dussehra, and the IPO will open after Dussehra, but before October 23rd.
Based on the positive support from foreign investors, the initial valuation of Jio Platforms is likely to be $143-146 billion or at least Rs 12 lakh crore.
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