By Admin 
Jio IPO News: The news which was awaited for a long time in the stock market, now seems to be getting closer to reality. Jio Platforms has taken a big step for its IPO and the company’s draft red herring prospectus i.e. DRHP is going to be filed with SEBI.
Jio Platforms is one of the largest digital and telecom companies in the country. Apart from mobile services, the company is also active in broadband, digital content, cloud and many other technology services. In such a situation, the IPO of the company is much discussed in the market.
What is DRHP filing?
If any company wants to launch an IPO, it has to first file DRHP. It contains specific information like the company’s business, financial position, risks, shareholding pattern and fund raising planning. After DRHP goes public, investors get complete information about the company.
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What did Reliance Industries tell?
In the information given to the stock market, Reliance Industries said that the board of its associate company Jio Platforms has approved the process of bringing IPO. Under this, the company will issue about 27 crore new equity shares. The final price of these shares will be decided through the book building process, that is, the price band and issue price will be determined based on the demand of investors. DRHP related to IPO will now be filed with SEBI, BSE and NSE.
What will be the next planning?
This IPO of Jio can be one of the biggest IPOs in India. According to market experts, Jio’s listing will give investors an opportunity to directly participate in the digital growth of the country. However, the size, price and other details of the issue have not been revealed yet. Everything will be known as soon as DRHP becomes public. Investors will now keep an eye on SEBI’s approval and the next announcement of the company.
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