Jio Platforms IPO Likely to Open October 21

Jio Platforms is preparing to launch its initial public offering in the third week of October, with the issue likely open for public subscription from October 21 to 23 and shares targeted to debut on October 28. The IPO, potentially India's biggest, will be a fresh issue of shares, primarily to repay about ₹27,500 crore of Reliance Jio Infocomm's borrowings. Regulatory approvals are in place, and investor response has been encouraging.