BusinessPhoto: FirstpostJio IPO Opens Amid Strong Institutional Demand in India
Jio Platforms launched its $3.2 billion IPO on Wednesday, marking India's largest share sale. The company aims to raise Rs 30,213 crore at a price band of Rs 1,065 to Rs 1,119 per share, valuing it at about $108.3 billion. Institutional investors, including BlackRock and Abu Dhabi Investment Authority, showed strong interest, bidding over $25 billion. The IPO closes on October 23 and is open to retail investors, Reliance shareholders, and employees.
Firstpost·


