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The Economic Times
The Economic Times
Business
Veer Sharma

Reliance Industries shares in focus as Jio IPO sets price band for possibly biggest-ever issue. What shareholders must know

Reliance Industries IPO Jio Jio Platforms RIL India Hyundai Motor India Reliance

Shares of Mukesh Ambani-led Reliance Industries will be in focus on Thursday following its subsidiary Jio Platforms' announcement of details for what is set to become India's largest initial public offering (IPO).

Jio Platforms said on Wednesday evening that it would issue 27 crore shares through the IPO, which will comprise an entirely fresh issue with no Offer For Sale (OFS) component. The price band has been set at Rs 1,065 to Rs 1,119 per share. At the upper end of the band, the issue is valued at Rs 30,213 crore, surpassing Hyundai Motor India's Rs 27,870 crore IPO in 2024, which was entirely an OFS.

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