Jio began by making voice calls free and data ridiculously cheap. A decade later, its parent digital services company Jio Platforms is preparing for a record-breaking IPO, with a valuation that could exceed Rs 10 lakh crore.
The IPO will be open for subscription on October 21 and close on October 23, as per the DRHP filed yesterday. It has set a price band of Rs 1,065-1,119 per share which can mean a valuation of nearly Rs 10.3 lakh crore, or approximately $108 billion. It is preparing to raise nearly Rs 30,000 crore in what could become India's largest IPO.
