Jio IPO advisory fees align with NSE standards
after close1 source ↓written by the desknot a recommendation
- of the offering
- 0.65%
- offering size
- $4 billion
- fees could reach
- $26 million
Reliance Industries plans to set investment banking advisory fees for its Jio IPO at 0.65% of the offering size, aligning with National Stock Exchange standards. With a potential offering size of $4 billion, total fees could reach $26 million, primarily shared among lead banks like Kotak Mahindra and Morgan Stanley. This move may enhance market confidence in upcoming IPOs.
Not investment advice. For informational purposes only.