Jio IPO: Check latest buzz after US, UK, Dubai roadshows by Akash, Isha Ambani | Reliance-backed India's biggest issue

Reliance Industries-backed Jio Platforms is set to file its red herring prospectus soon after completing global roadshows in the US, UK, Dubai, Singapore and Hong Kong led by Akash and Isha Ambani. The IPO, touted as India's largest at about USD 3.8 billion (around Rs. 37,000-37,800 crore), is expected to be a pure fresh issue of up to 27 crore shares at a price band of about Rs. 1,350-1,450, implying a post-issue valuation near Rs. 12.4-13.4 lakh crore. The proposed timeline points to an anchor book on October 19, IPO opening October 21 and listing around October 28, 2026, with proceeds primarily aimed at repaying about Rs. 27,500 crore of Reliance Jio Infocomm borrowings.