Key Takeaways
- Jio raised $37.7B.
- Sector: Telecommunications, Technology, Software & Gaming.
- Geography: India.
Analysis
- Jio's IPO is nearing its launch with the filing of the Draft Red Herring Prospectus (DRHP) and clearance from SEBI.
- The IPO is expected to be a fresh issue of Rs 37,700 crore.
- The final price band and subscription dates are anticipated soon.
- This is one of the most anticipated IPOs in India.
- Mukesh Ambani, MD of Reliance Industries Limited, was mentioned in relation to the IPO's origins in 2019.