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The Economic Times
The Economic Times
Business
Akash Podishetti

Jio announces price band for over Rs 30,000 crore IPO. Check key dates, GMP and other details

Reliance Jio IPO Jio Platforms Reliance Industries RIL

Jio Platforms has fixed the price band for its much-awaited IPO at Rs 1,065-1,119 per share, setting the stage for Mukesh Ambani's telecom and digital-services business to launch what could become India’s largest-ever IPO. The issue comprises a fresh sale of up to 27 crore equity shares of face value Rs 10 each.

At the lower end of the price band, Jio Platforms could raise Rs 28,755 crore. At the cap price of Rs 1,119, the IPO size would rise to about Rs 30,213 crore.

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