Stories
Jio IPO: All You Need to Know About the Potential ₹37,700 Crore Issue
C
CNBC Awaaz•01-10-2026, 20:42
Jio IPO: All You Need to Know About the Potential ₹37,700 Crore Issue
- •Jio Platforms has received an observation letter from SEBI for its DRHP, but IPO price, dates, and final size are yet to be announced.
- •The IPO will be a 100% book-built fresh issue, offering a maximum of 27 crore equity shares, constituting approximately 2.9% of the company's post-IPO paid-up equity capital.
- •Market estimates suggest the Jio Platforms IPO could be around ₹37,700 crore, potentially larger than Hyundai Motor India's 2024 IPO.
- •Funds raised from the IPO are intended to repay certain outstanding debts of Reliance Jio Infocomm Limited (RJIL) and for general corporate purposes.
- •The IPO will reserve 50% for QIBs, 35% for RIIs, and 15% for NIIs, with additional reservations for eligible employees and Reliance Industries shareholders.
Key Questions Answered
Jio Platforms filed its Draft Red Herring Prospectus (DRHP) with SEBI on June 19, 2026, and subsequently received its observation letter from SEBI on August 28, 2026, clearing a major hurdle for the public listing.
The IPO will consist entirely of a fresh issue of up to 27 crore equity shares with a face value of ₹10 each, with no offer-for-sale component. Market estimates place the potential issue size at around ₹37,700 crore, or about $3.8 billion.
The net proceeds from the IPO will primarily be used to fully or partially repay or prepay outstanding debts of its material subsidiary, Reliance Jio Infocomm Limited (RJIL), targeting borrowings of approximately ₹27,500 crore, with the remaining funds allocated for general corporate purposes.
