Jio Platforms likely files for ₹37,000 crore IPO
Mumbai: Jio Platforms (JPL) – the telecom, digital and technology arm of Mukesh Ambani-led Reliance Industries – filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India on Friday, for what’s expected to be India’s largest-ever public issue.
Bankers indicated the initial public offering (IPO) size is likely to be a record $4 billion (₹37,000 crore). The National Stock Exchange has just filed its DRHP for an IPO that is expected to raise ₹30,000 crore ($3.2 billion), making it the second-biggest. The largest so far is Hyundai Motor India’s ₹27,000-crore issue in 2024.
