Jio Platforms, the digital services arm of Reliance Industries, is set to launch its initial public offering (IPO) on October 21, with an estimated issue size of around ₹37,700 crore. The IPO price band is expected to be between ₹1,300 and ₹1,450 per share, making it one of the largest public offerings in India, according to livemint.com.
The company is expected to file its final offer documents with the Securities and Exchange Board of India (SEBI) in the week starting October 12. Market sources indicate a price range of ₹1,300–₹1,450 per share, though the final details will be confirmed in the Red Herring Prospectus. The grey market premium (GMP) for the IPO has shown a steady rise, reaching ₹166 on October 7, reflecting strong investor interest, per livemint.com.
The IPO is anticipated to provide independent price discovery for Jio’s telecom, digital, cloud, 5G, and emerging artificial intelligence businesses, which have so far been embedded within Reliance Industries’ diversified structure. Analysts like Seema Srivastava of SMC Global Securities suggest that a standalone listing could reduce the holding-company discount and enhance the market’s valuation of Reliance’s overall Sum-of-the-Parts (SOTP). Ravi Singh, Chief Research Officer at Master Capital Services, also noted the IPO could unlock value by making Jio’s valuation more transparent, as reported by livemint.com.
Investors will await the official price band and lot size details in the final Red Herring Prospectus expected after the SEBI filing. The IPO’s success will be closely watched as it could set a benchmark for valuations in India’s digital and telecom sectors, with the issue size of ₹37,700 crore positioning it among the country’s largest public offerings.