Jio IPO opens October 21 with Rs 30,000 crore issue size.
Context
What happened: Jio Platforms filed its RHP on October 14 for an IPO opening October 21 to October 23, comprising a fresh issue of up to 27 crore equity shares.
Key numbers: Fundraise around Rs 30,000 crore; valuation about Rs 10.3 lakh crore ($106 billion); anchor bidding October 19; allotment October 26; debut October 28; up to Rs 27,500 crore for RJIL debt repayment; Rs 2,500 crore reserved for RIL
Why it matters: At the expected size it would surpass Hyundai Motor India's Rs 27,856 crore IPO to become India's largest ever, giving public investors exposure to Reliance's digital ecosystem.
Why it matters
At the expected size it would surpass Hyundai Motor India's Rs 27,856 crore IPO to become India's largest ever, giving public investors exposure to Reliance's digital ecosystem.