Jio Platforms Sets Stage For India’s Largest IPO At ₹10.3 Lakh Cr Valuation

Telecom giant Jio Platforms has set a price band of ₹1,065-₹1,119 per share for its IPO, which is set to open for public subscription next week. The company is seeking to raise ₹30,213 Cr at the upper end of the price band, overtaking Hyundai Motor’s ₹27,870 Cr IPO in 2024 to become the largest public offering to hit the Indian equities market till date. At the upper end of the IPO, RIL’s telecom arm is seeking a valuation of ₹10.3 Lakh Cr for the IPO.