Reliance Jio Platforms has filed its red herring prospectus (RHP), bringing its much-awaited initial public offering (IPO) a step closer. 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.
With the issue set to open for subscription on October 21, attention is turning to the strengths underpinning the Reliance-backed digital giant's business, from its scale and profitability to its extensive network infrastructure, proprietary technology, broadband growth opportunities and expanding digital ecosystem.
