By Admin 
Jio IPO: There is great news regarding the IPO of Reliance Jio. The board of Jio Platforms has passed the draft of Jio and now DRHP will be filed with SEBI today. Let us tell you that 27 crore new shares will be issued in this IPO, but investors will have to wait for the date and price band.
What is the date of IPO?
Investors are very excited about Jio’s IPO but the official date of IPO has not been released yet. The process has just started and many necessary approvals are yet to be received. So now you will have to wait a little longer. As of now DRHP is being filed today.
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What is the stuck process?
Let us tell you that after filing DRHP, firstly the approval of SEBI is obtained and after that the rest of the processes are done. Generally, in big IPOs, this entire process takes 2 to 3 months to complete. Only after this it can be known when the IPO will open.
Waiting for price band
It has not been decided yet what will be the price of one share or what will be the price band. Not only this, information about how many shares the investors will get has not been received, that is, at present all the specific details related to investment are awaited.
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What is special for shareholders?
Let us tell you that if someone already has shares of Reliance Industries, then they are going to get benefit in IPO. Old investors can get a separate quota in the shareholder category.
Overall, Jio’s IPO is considered to be one of the biggest events in the Indian stock market. But at present the situation is such that neither the date nor the price and conditions are clear. Everything depends on SEBI approval and further process.