Post by AIM

Jio Platforms Limited (JPL) Platforms has filed its DRHP with Securities and Exchange Board of India (SEBI) for an IPO expected to be between Rs 35,000 crore and Rs 40,000 crore, set to become India's biggest ever public offering, surpassing the proposed NSE India listing and Hyundai Motor Company India's previous record of around Rs 28,000 crore. The fresh issue of 27 crore shares will see Rs 27,500 crore used to repay debt of subsidiary Reliance Jio Infocomm Limited, with the rest going towards general corporate purposes. Reliance Industries Limited Chairman Mukesh Ambani called the filing "a deeply emotional moment for me, for the entire Reliance Family, and millions of its shareholders," adding that his children Akash, Isha, and Anant are leading the IPO process. As of March 2026, Jio Platforms served 524.4 million customers, with Reliance holding a 66.43% pre-IPO stake alongside Meta's 9.99% and Google's 7.73% stakes. Ambani also outlined plans to migrate all subscribers to 5G by 2030 and export Jio's deep-tech stack, built for 5G, fixed wireless access, and AI services, to international partners. Read more about the IPO here: https://lnkd.in/gFzbqWGG Article by Prachi Pradhan. #JioIPO #RelianceJio #MukeshAmbani #IndiaIPO #JioPlatforms