Jio Platforms sets price band for India's record IPO
Jio Platforms, Reliance Industries' digital unit, set a price band of 1,065 to 1,119 rupees per share for India's biggest-ever IPO, a filing showed.
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what happened
Jio Platforms, the digital unit of Reliance Industries controlled by Mukesh Ambani, on Wednesday set a price band of 1,065 to 1,119 rupees per share, or $11.19 to $11.76, according to a company filing.
The offering is set to be India's largest initial public offering ever. The conversion uses an exchange rate of $1 to 95.1500 rupees. The information was reported by Newsmetry API.
why it matters
For markets, this is the largest expected listing in India, and the price band gives investors a reference range. The text does not give the company's valuation or the offering size.
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sources
- Mukesh Ambani's Jio sets price band for India IPO — Newsmetry API, 14 October 2026 at 14:51 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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