{
  "id": 14572964,
  "title": "India’s Jio Platforms targets $3.2b IPO",
  "url": "https://urgent.news/2026/10/15/indias-jio-platforms-targets-3-2b-ipo",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T00:43:49.000Z",
  "source": {
    "name": "Tech in Asia",
    "slug": "tech-in-asia",
    "url": "https://www.techinasia.com/news/indias-jio-platforms-targets-32b-ipo"
  },
  "original_language": "en",
  "account": null,
  "summary": "Jio Platforms Ltd, the technology arm of Reliance Industries, has filed its red herring prospectus to launch what would be India's largest-ever initial public offering. Techmeme reports the company seeks to raise up to $3.2 billion, a move that could value the group as much as $108.3 billion. Hindu BusinessLine notes the valuation is set at ₹28,755-30,213 crore, which is lower than previous brokerage estimates of ₹33,000-38,000 crore.\n\nThe IPO is scheduled to open on October 21 and close on October 23, according to Tech in Asia, Techmeme, and Hindu BusinessLine. The company has established a price band of ₹1,065 to ₹1,119 per equity share. Hindu BusinessLine reports the issue consists of a fresh offering of up to 27 crore equity shares with a face value of ₹10 each.\n\nSpecific reservations have been announced for eligible shareholders and staff. Hindu BusinessLine states there is a reservation of up to ₹500 crore for eligible employees, who may also receive a ₹54 per share discount, and up to ₹2,500 crore for eligible Reliance Industries shareholders. Following debt repayment of approximately ₹27,500 crore, Hindu BusinessLine reports the company will have between ₹1,255 and ₹2,713 crore remaining from the proceeds for expansion and general corporate purposes.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}