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Jio Platforms is likely to see its ₹30,213 Cr IPO fully covered and price at the top of the band.

For operators

Jio Platforms has set a ₹1,065 to ₹1,119 price band for its ₹30,213 Cr IPO, open 21 to 23 October, so retail and e-commerce operators get a fresh public-market price for a scaled digital platform to measure their own digital investments against.

Watch

Total bids above the ₹30,213 Cr offer size by the 23 October close would mean the ₹10.3 Lakh Cr valuation clears, opening the window for other tech IPOs.

Ask next

Which other retail IPOs are coming up?

The report, : Jio Platforms sets ₹1,065 to ₹1,119 price band for ₹30,213 Cr IPO opening 21 October

Jio Platforms filed its RHP with SEBI for an issue closing 23 October, while haircare startup Traya is in early talks with Verlinvest to raise around $31 Mn. The offer is entirely a fresh issue of 27 Cr equity shares.

The offer's size, price band and valuation, beside Q1 FY27 earnings
IPO size
₹30,213 Cr
Price band per share
₹1,065 to ₹1,119
IPO valuation
₹10.3 Lakh Cr
Q1 FY27 net profit
₹7,764 Cr
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  • The Stack: Rs 21.5 crore seed
  • Foundry: Rs 12 crore raised

Reported figures

From the report. Source details below

Jio Platforms IPO valuation: ₹10.3 Lakh Cr
Jio Platforms Q1 FY27 operating revenue: ₹39,173 Cr
Jio Platforms Q1 FY27 net profit: ₹7,764 Cr

What to watch next

  • Anchor book allocation and the investor mix disclosed before the 21 October opening
  • Cut-off price versus the ₹1,119 upper end of the band
  • Listing-day price against the issue price at debut
  • Q2 FY27 operating revenue against Q1's ₹39,173 Cr

The source

Source Read the source at Inc42

Published

Also reported by News18

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