Jio Platforms said to set IPO price band, listing likely in October

Jio Platforms, the telecom and digital services arm of Reliance Industries, is set to price its IPO at about Rs 1,065-1,119 per share, targeting a market value of up to Rs 10.3 lakh crore and a raise of around Rs 30,200 crore at the upper end, making it India's largest-ever IPO. The public subscription will run from 21 October to 23 October, with anchor book opening on 19 October and shares expected to begin trading on 28 October. The valuation comes in below earlier expectations of about Rs 11 lakh crore, tempered by a recent selloff in Indian equities.