Jio’s IPO
Taking a big step towards its much-awaited initial public offering (IPO), Jio Platforms, the digital services arm of Reliance Industries, has filed the Draft Red Herring Prospectus (DRHP) with market regulator SEBI. In the company’s AGM, Mukesh Ambani had said that the documents related to IPO will be submitted to SEBI on Friday i.e. today itself. According to PTI report, the company is planning to raise around Rs 37,700 crore through this issue. If it gets good support from investors then it can be included in the biggest IPO in the history of India.
According to documents filed with SEBI, Jio Platforms will issue a maximum of 27 crore new shares of Rs 10 each. This will constitute approximately 2.9 percent of the total paid-up equity capital of the company after the issue. On this basis, the valuation of the company has been estimated at around $137 billion.
Important milestone for Reliance
Reliance Industries Chairman Mukesh Ambani said in the company’s Annual General Meeting (AGM) that the listing of Jio Platforms will showcase India’s technological capability at the global level. According to him, this IPO is not just a medium to raise capital but is an important step towards creating world-class technology companies in India.
Focus will be on reducing debt
The company has said that a large part of the amount received from the IPO will be used to reduce the debt of its telecom unit Reliance Jio Infocomm Limited (RJIL). As of March 2026, RJIL had a total debt of Rs 71,529 crore. According to sources, out of the amount raised, about Rs 27,500 crore can be used to repay the loan or for pre-payment.
Among the country’s largest telecom companies
Jio Platforms’ business includes telecom services, digital platforms, enterprise solutions and emerging technology initiatives. Its flagship unit Reliance Jio Infocomm is one of the largest mobile service providers in the country. In the financial year 2025-26, the company’s revenue was Rs 1.47 lakh crore and net profit was around Rs 30,000 crore. The total number of customers of the company has reached 52.44 crore, out of which 26.85 crore customers are using 5G network.
Big bet on 5G and AI by 2030
Jio Platforms in its future strategy aims to migrate the entire customer base to 5G network by 2030. Apart from this, the company is also emphasizing on expanding broadband services and increasing Artificial Intelligence (AI) based digital services. In the year 2020, Jio Platforms had attracted billions of dollars of investment from global investors like Meta and Google. Now through IPO the company is going to start its next phase of development by raising capital from the public market. This public issue of Reliance Group, coming after almost two decades, is being considered very important for both investors and the Indian capital market.
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