Jio Platforms IPO Receives Heavy Interest Ahead of Opening

Reliance Jio Platforms' ₹30,188-crore IPO has secured ₹2.5 lakh crore in commitments from major global and domestic institutional investors.

The public issue opens for subscription on 21 October with a price band fixed between ₹1,065 and ₹1,119 per share.

The company plans to use a portion of the proceeds to prepay ₹27,500 crore of debt currently held by its subsidiary, Reliance Jio Infocomm.