Economy
Reliance Jio IPO Opens for Bidding to Raise ₹30,213 Crore
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THE BRIEF
1
The Jio Platforms initial public offering opens for subscription on Wednesday, October 21, aiming to raise ₹30,213 crore with bidding closing on October 23.
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Priced in a band of ₹1,065 to ₹1,119 per share, the public issue surpasses Hyundai Motor India's ₹27,800-crore offering to become India's largest-ever IPO.
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Shares are expected to list on the BSE and NSE on Wednesday, October 28, following share allotment finalisation scheduled for October 26.