Jio Platforms files DRHP and gets SEBI nod ahead of IPO

Jio Platforms filed its draft red herring prospectus with SEBI on June 19, 2026, planning a fresh issue of up to 27 crore shares, roughly 2.9% of post-issue capital, with the deal estimated at about Rs 37,700 crore. SEBI issued its observation letter on August 28; price band and subscription dates are still pending.

• Fresh issue of up to 27 crore shares at Rs 10 face value, no offer for sale
• Deal size estimated at around Rs 37,700 crore, listing on NSE and BSE
• Up to Rs 27,500 crore of proceeds earmarked for debt repayment
• FY26: 524.4 million customers, revenue about Rs 1.47 lakh crore, PAT around Rs 30,049 crore