GoKawiilJio Platforms sets price band for IPO targeting up to $3.2 billion
Reliance Industries' Jio Platforms has set a price band of ₹1,065-₹1,119 per share for an offering of up to 270 million new shares, with subscription running from October 21 to 23. At the top of that range, the IPO would value Jio at roughly $108.3 billion, up sharply from its 2020 valuation of about $65 billion when Google and Meta invested billions in the company.
GoKawiil's interpretation of the reporting above, not reported fact.
If completed near the upper price band, the offering would surpass Hyundai Motor India's 2024 listing as the country's largest IPO, signaling strong investor confidence in India's capital markets and in Jio's expansion beyond telecom into broadband, cloud and digital services. The listing also arrives amid public friction between Elon Musk and Mukesh Ambani over satellite internet access in India, which could add scrutiny to Jio's market position even though that dispute is separate from the IPO itself.
- Jio Platforms set a price band of ₹1,065-₹1,119 per share, aiming to raise up to $3.2 billion.
- The IPO could value Jio at about $108.3 billion, far above its 2020 valuation of roughly $65 billion.
- If priced near the top, it would become India's largest-ever IPO, surpassing Hyundai Motor India's 2024 offering.
Source: techcrunch.com — Jagmeet Singh, 2026-10-14
Published there as: “Ambani’s Jio seeks to raise $3.2B in what could be India’s biggest IPO”
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