Jio Platforms targets Rs 11 lakh crore IPO valuation; October listing likely

Updates

Each later report on this story, newest first; Background entries look back at earlier events. Earlier entries are never edited; a correction is a new entry.

1. 14 Oct, 20:32 IST Read the update at Hindustan Times →

   Jio Platforms to launch India's largest IPO on October 21, seeking 10.3 trillion rupees valuation

   • Valuation sought: 10.3 trillion rupees ($108.25 billion)
   • Jio customers in India: more than 52 crore
   • Gujarat district headquarters covered with 5G: 33

2. 13 Oct, 16:49 IST Read the update at Moneycontrol →

   Jio Platforms IPO reportedly draws over $20 billion in bids as valuation target eases to $108 billion

   • Bids drawn for IPO: more than $20 billion
   • Target IPO valuation: 10.3 trillion rupees ($108 billion)
   • Earlier valuation expectation: as high as $170 billion

3. 12 Oct, 09:33 IST Read the update at Entrepreneur India →

   Jio Platforms targets INR 30,200 crore IPO, set to be India's biggest, with subscription expected 21-23 October

   • Price band: INR 1,065-1,119 per share
   • Target valuation: up to INR 10.3 lakh crore
   • Fresh shares offered: 270 million
   • FY26 revenue: INR 1,46,885 crore

4. 9 Oct, 17:28 IST Read the update at Moneycontrol →

   Jio Platforms sets IPO price band at Rs 1,065-1,119, targeting a market value of up to Rs 10.3 trillion

   • Expected raise at upper end: Rs 302 billion
   • Expected raise at upper end (crore): Rs 30,200 crore
   • New shares in draft prospectus: 270 million

5. 9 Oct, 16:03 IST Read the update at Business Today →

   Jio Platforms likely to set IPO price band at Rs 1,065-1,119 per share to raise Rs 30,213 crore: report

   • Market capitalization sought: $107 billion
   • Market capitalization sought in rupees: Rs 10.3 lakh crore

6. Background, 8 Oct, 14:37 IST Read the report at Mint →

   Resurfaced 28 Aug: Jio Platforms eyed India's biggest IPO, ₹35,000 crore, as Akash Ambani pledged affordable tariffs