Jio Platforms IPO: From AI ambitions to broadband expansion, 10 things to know from DRHP

Jio Platforms Ltd, the digital services arm of Reliance Industries, filed its draft red herring prospectus (DRHP) with the market regulator on Friday for what could become India’s largest-ever initial public offering (IPO), with reports suggesting the issue could raise around ₹37,700 crore.

Jio Platforms plans to issue up to 27 crore fresh equity shares, representing about 2.9% of its post-issue paid-up equity capital. The issue price will be determined through the book-building process in accordance with Sebi regulations.