Jio IPO Price Band Set at Rs 1,065-1,119 Per Share, Valuing Issue at Rs 30,213 Crore
· Business · Economic Times, LiveMint, India Today
Reliance Jio Platforms has filed its red herring prospectus (RHP), advancing its much-awaited initial public offering (IPO). The company has fixed the price band at Rs 1,065-1,119 per share, valuing the IPO size at around Rs 30,213 crore at the upper end of the price band. The IPO is set to open for subscription on October 21. Jio Platforms highlighted five key strengths in its prospectus, including strong revenue growth, profitability, a vast customer base, extensive network infrastructure, and proprietary technology. The company reported revenue from operations of Rs 1,46,885.3 crore in fiscal 2026, with EBITDA of Rs 76,255.4 crore and an EBITDA margin of 51.91% for the year. For the quarter ended June 30, 2026, revenue from operations was Rs 39,172.9 crore, EBITDA was Rs 20,864.5 crore, and the EBITDA margin stood at 53.26%.
Why it matters
The IPO is expected to be one of the largest in India's history, drawing significant investor interest and potentially influencing market sentiment. It will provide Reliance Industries with substantial funds to further expand Jio's digital and broadband services, impacting competitors in the telecom and technology sectors.
Read the original report — Economic Times
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