AMBANI JIO SEEKS INDIA BIGGEST - EVER US$108 BILLION IPO : WILL INVESTORS BITE ?

What happened: Jio Platforms opened public bidding on Oct 21 for an IPO of 302 billion rupees (US$3.2 billion), set to be India's largest, at a valuation of up to US$108 billion. Key numbers: Price band 1,065 to 1,119 rupees a share. Why it matters: The listing tests whether Jio's earnings can justify its premium valuation and serves as a gauge of foreign investor appetite for India amid sustained equity outflows. Analysts said investors will judge it on returns on capital and earnings growth rather than subscriber numbers alone.

Jio Platforms opened public bidding on Oct 21 for an IPO of 302 billion rupees (US$3.2 billion), set to be India's largest, at a valuation of up to US$108 billion.

The listing tests whether Jio's earnings can justify its premium valuation and serves as a gauge of foreign investor appetite for India amid sustained equity outflows. Analysts said investors will judge it on returns on capital and earnings growth rather than subscriber numbers alone.