Jio Platforms IPO: Price band fixed at Rs 1,065 to Rs 1,119 per share
RELIANCE · price
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On the reaction day the stock moved 2.2 pts more than Nifty 100 and 4.3 pts more than its Refineries & Marketing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jio Platforms IPO Committee approved price band of Rs 1,065 (floor) to Rs 1,119 (cap) per equity share. A Rs 54 employee discount is offered on the Employee Reservation Portion. Minimum bid lot is 12 shares of Rs 10 face value, in multiples of 12. This follows Jio Platforms Red Herring Prospectus filing. Jio Platforms is RIL's digital services subsidiary.
Key IPO milestone; signals near-listing of RIL's digital arm, likely unlocking significant value for Reliance shareholders.