Jio Platforms Fixes IPO Price Band at ₹1,065–₹1,119 Per Share

Jio Platforms has fixed its IPO price band between ₹1,065 and ₹1,119 per equity share, with the public offering scheduled to open next week.

At the upper end of the price band, the company expects to raise approximately ₹30,213 crore, surpassing Hyundai Motor India's ₹27,870 crore to become India's biggest IPO.

Eligible employees bidding under the reservation portion will receive a discount of ₹54 per share, while the minimum bid lot is set at 12 equity shares.