IPO● Neutral for Indian equities
Jio Platforms IPO likely by October end at $143-146 billion enterprise valuation
The brief
- The IPO is estimated at $3.8 billion, potentially India’s largest public offer
- Enterprise valuation is estimated at $143-146 billion, or above ₹12 trillion
- The proposed listing could give investors a new way to access India’s digital-services business
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Jio Platforms’ proposed IPO
Jio Platforms filed its DRHP with SEBI after clearing a regulatory hurdle, proposing a fresh issue of 27 crore shares. The IPO is estimated at $3.8 billion, with subscription expected in October.
Sunday, 4 October
- Jio Platforms IPO likely by October end at $143-146 billion enterprise valuation