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via economictimes.indiatimes.comCapital Markets

Jio IPO: price band set at ₹1,065 to ₹1,119 per share, aiming to raise about ₹30,000 crore

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Jio Platforms has set an IPO price band of ₹1,065 to ₹1,119 per share. The company plans to raise around ₹30,000 crore during its initial public offering. Isha Ambani emphasized pricing the IPO accessibly for ensuring long-term shareholder value. Funds from the IPO will be used…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: neutralAn IPO of this size can influence sentiment in the Indian market and around the RIL group.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Jio Platforms has set an IPO price band of ₹1,065 to ₹1,119 per share.
  2. 02The company plans to raise around ₹30,000 crore in its initial public offering.
  3. 03Proceeds will be used to reduce debt and support future growth initiatives.
  4. 04The listing is expected to make RIL Group India's largest conglomerate by market capitalization.

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