Jio Platforms IPO may open on October 21, issue estimated at $3.8 billion: Report
The IPO is expected to remain open until October 23, with the anchor book likely to open on October 19. The shares are targeted to list on the stock exchanges on October 28, although the timeline remains subject to market conditions and could change depending on developments in financial markets, the report added.
Jio Platforms Ltd, the digital holding company of Reliance Industries, is set to launch its highly anticipated initial public offering (IPO) on October 21, according to a report by CNBC TV-18. The IPO is expected to remain open until October 23, with the anchor book opening on October 19 and the shares slated to list on October 28, subject to market conditions.
The proposed IPO is being touted as India's largest, with an estimated value of $3.8 billion. The funds raised will primarily be used to reduce Reliance Jio Infocomm's outstanding borrowings, with the balance allocated for general corporate purposes.
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