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Reliance Jio IPO: Likely price band range for India's biggest listing revealed. Check details

·Economic Times·Impact 4/5 · High
MeridStreet AI summary

Reliance Jio's parent company, Jio Platforms, has set a price band of Rs 1,065-1,119 for its upcoming Initial Public Offering, or IPO. This is the largest IPO in Indian history, with the company planning to raise between Rs 28,755 crore and Rs 30,213 crore. The public subscription is set to start on October 21, with shares potentially listing on October 28. This significant listing will be closely watched by investors and could have a notable impact on the Indian stock market.

Source reporting

Read the source report: Economic Times →

MeridStreet analysis

Why it matters

Jio Platforms has set a price band for its upcoming IPO, indicating a significant fundraising event. This could lead to increased investor interest and confidence in the company.

Market impact

Impact score
4 / 5
Market signal
Positive / risk-on
Category
Market moves
Model confidence
70%

Markets & countries in focus

India

Transmission channels

IPO announcement→Investor interest→Fundraising success→Telecom sector boost

Likely winners & losers

Winners

  • Telecom stocks
  • Indian equities

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MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to Economic Times. For information only — not financial advice.