Jio Platforms, the telecom and digital services company owned by India's richest man, Mukesh Ambani, has provisionally set its IPO price range at 1,065 to 1,119 rupees per share, with public subscription scheduled to begin on October 21. According to Bloomberg calculations, the IPO aims to raise approximately 302 billion rupees (about $3.1 billion). If successful, this would surpass Hyundai Motor India's record of 278 billion rupees set in October 2024, making it India's largest IPO ever by fundraising size. The company targets a maximum valuation of 10.3 trillion rupees (about $106.5 billion), which is lower than earlier market expectations.