Startups & IPOs
Jio Platforms IPO opens Wednesday at ₹1,065–1,119 a share
A roughly ₹30,000 crore issue runs 21–23 October; Paras Healthcare also lists this week.
People in this story
Reliance's telecom and digital arm, Jio Platforms, opens its IPO on Wednesday 21 October and closes on Friday 23 October. The price band is ₹1,065 to ₹1,119 per share.
Reports put the issue at about ₹30,200 crore (figures differ slightly between sources). It is a fresh issue of 27 crore shares, and ₹27,500 crore of the money will go to repaying borrowings of its main subsidiary, Reliance Jio Infocomm.
Hospital chain Paras Healthcare is also coming to market this week with a ₹1,450 crore IPO priced at ₹660 to ₹693 per share, made up of ₹500 crore in new shares and a ₹650 crore sale by existing holders.
Why it mattersAn issue this size pulls in a lot of money at once, which can weigh on other stocks during the subscription window. Most of the proceeds repay debt rather than fund new growth, which is worth noting when reading the valuation.
Written with AI assistance by TotalMarket. Based on the sources linked in this article; key facts and data should be checked against the original sources. This article is for information only and is not investment advice.
💬 Comments
Be respectful and stay on topic. No stock tips or promotions; comments are moderated.
Comments are opening soon. Meanwhile, share your view on X or Telegram using the buttons above.