Jio Platforms IPO Likely To Open On October 21; Listing May Take Place On October 28

Jio Platforms is preparing to launch its IPO likely opening for subscription on October 21 and closing October 23, with an anchor book from October 19 and potential listing on October 28. Size and pricing remain undecided; proceeds are earmarked mainly to reduce about Rs 27,500 crore of Reliance Jio Infocomm debt, with a 50/50 retail-institutional allocation.