Jio files DRHP to launch India’s biggest IPO at USD 4 billion
Jio Platforms, the digital service arm of billionaire Mukesh Ambani’s Reliance Industries Ltd (RIL), is all set to launch India’s largest initial public offering (IPO) as the company filed its draft red herring prospectus (DRHP) with market regulator SEBI on Friday.
Industry sources estimate the IPO at $4 billion or Rs 37,700 crore, well over the widely speculated Rs 30,000 crore IPO of the National Stock Exchange and Hyundai Motor India’s Rs 27,870 crore IPO in October 2024.
