Overview
- Deal and market sources on Oct. 9 said Jio Plans a price band of Rs 1,065–1,119 per share and is pitching a valuation near Rs 10.3 trillion (about $106 billion) for the listing.
- The company is targeting an anchor investor book on Oct. 19, a public subscription window from Oct. 21–23, and a stock-market debut on Oct. 28, with the red herring prospectus expected to be filed imminently.
- Bankers estimate the offer could raise roughly Rs 302 billion (about $3.1–3.4 billion) at the top end, with up to Rs 275 billion of net proceeds earmarked to repay or prepay borrowings of Reliance Jio Infocomm.
- Informal market signals show a grey market premium of about Rs 175–180 per share and media calculations based on an estimated 27 crore fresh shares, but those figures are unofficial demand indicators.
- Jio, backed by investors including Meta and Google, is positioning the IPO as a growth step tied to its pre‑6G and Giga MIMO work, and the deal would surpass India’s previous largest listing if completed as reported.