Jio Platforms IPO: Uday Kotak draws interesting link between Reliance’s 1977 listing and Jio market debut

Jio Platforms is set to launch India's largest ever IPO, raising approximately 30,213 crore rupees at the upper end of the price band of 1,065 to 1,119 rupees per share, surpassing Hyundai Motor India's 2024 issue of about 27,870 crore rupees. The IPO, opening on October 21 and closing on October 23, 2026, is entirely a fresh issue of 27 crore equity shares with no offer-for-sale component, and includes a 54 rupee discount for eligible employees. Uday Kotak stated that after Jio's listing, the RIL group will become India's largest conglomerate by combined listed market capitalisation, while Akash Ambani highlighted that the telecom operator carries more than 60 percent of India's data traffic.