Jio Platforms Limited, the digital services subsidiary of Reliance Industries Limited, has received SEBI's final approval to launch its proposed initial public offering (IPO). The market regulator issued its observation letter on August 28, 2026, allowing the company to proceed with the public issue after reviewing its draft red herring prospectus (DRHP).

The IPO is expected to raise over ₹37,000 crore through a fresh issue of equity shares, potentially making it the largest IPO in India's history.

Jio Platforms IPO - Issue Details

Issue Type: Book-Built Issue (Fresh Issue only)
Total Issue Size: Up to 27.00 crore equity shares
Fresh Issue: Up to 27.00 crore equity shares
Offer for Sale (OFS): Not Applicable
Face Value: ₹10 per share
Price Band: To be announced
Lot Size: To be announced
Listing: BSE, NSE
Book Running Lead Managers (BRLMs): Book Building Lead Managers: Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, BofA Securities India Limited, Axis Capital Limited, BNP Paribas, Citigroup Global Markets India Private Limited, CLSA India Private Limited, DAM Capital Advisors Limited, Goldman Sachs (India) Securities Private Limited, HDFC Bank Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, IIFL Capital Services Limited, Jefferies India Private Limited, JM Financial Limited, J.P. Morgan India Private Limited, SBI Capital Markets Limited, UBS Securities India Private Limited and 360 ONE WAM Limited.
Registrar to the Issue: KFin Technologies Limited

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Prepayment, in full or in part, of certain outstanding borrowings availed by the material subsidiary, Reliance Jio Infocomm Limited (RJIL)
General corporate purposes

About Jio Platforms Limited

Incorporated in 2019, Jio Platforms Limited is a technology platform company that provides digital connectivity and digital services across India. Through its subsidiary, Reliance Jio Infocomm Limited (RJIL), the company offers mobile and fixed broadband services alongside digital offerings spanning entertainment, cloud, smart home, gaming, enterprise solutions, and AI-powered applications. As of March 31, 2026, RJIL served 524.4 million customers across the country.

Jio Platforms operates on a proprietary end-to-end technology stack developed in-house, covering network infrastructure, devices, software, operating systems, and digital applications. Its vertically integrated model supports faster innovation, lower dependence on third-party vendors, and scalable deployment of 4G, 5G, cloud, and AI technologies, positioning the company as one of India's leading digital infrastructure and services platforms.

Key Financial Highlights

Particulars	FY26 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	1,46,885.00	1,28,218.00	1,09,558.10
EBITDA	76,255.40	64,170.00	54,958.70
Profit After Tax (PAT)	30,049.70	26,120.30	21,423.20