Jio Platforms has reportedly received approval from the Securities and Exchange Board of India (SEBI) to move ahead with its much-awaited Initial Public Offering (IPO), estimated at around ₹37,700 crore (approximately $4 billion). The proposed public issue could potentially become India’s largest-ever IPO, marking a major milestone for both Jio and the country’s capital markets.
The IPO is expected to comprise a fresh issue of up to 27 crore equity shares, with the final price to be determined through the book-building process. A significant portion of the proceeds is expected to be used towards debt repayment, strengthening the company’s financial position as it continues to expand its telecom and digital ecosystem.
From transforming India’s telecom landscape to building a vast ecosystem across 5G, digital services, cloud, AI and enterprise technology, Jio Platforms has emerged as one of the country’s most influential technology-driven businesses. The listing would also give investors a direct opportunity to participate in the growth story of the Reliance-backed digital giant.
If the issue achieves its expected size, it could surpass the record set by Hyundai Motor India’s 2024 public offering, making it a landmark moment for the Indian stock market.
