Jio Platforms, Reliance Industries' digital and telecom arm, will take bids from 21 to 23 October at Rs 1,065-1,119 a share, in lots of 12 shares. The issue is up to about Rs 30,200 crore, entirely fresh shares, with listing on BSE and NSE set for 28 October. Up to Rs 2,500 crore is reserved for Reliance shareholders on record as of 14 October.
Why it matters for listed companies
At about Rs 30,200 crore it is the largest Indian IPO by issue size, and it draws on the same pool of institutional and retail money as other issues that week, including Paras Healthcare. Its listing puts a market value on Reliance's largest non-energy business and gives telecom peers such as Bharti Airtel a listed comparison.
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