Jio Platforms, the telecom and digital services arm of Reliance Industries (NSE:RELIANCE, BOM:500325), is eyeing a valuation of about 11 trillion Indian rupees in its proposed initial public offering, Bloomberg reported Tuesday, citing people familiar with the matter.

The telecom services provider plans to open its IPO in the week of Oct. 19 and list before Oct. 30, the report said.

The company has completed assessing the demand for the public offering and is expected to start meeting potential investors this week to discuss valuation and pricing, the report said.

Jio Platforms did not immediately respond to MT Newswires' request for a comment.

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