Jio Platforms gets SEBI nod for ‘₹37,700 cr.’ IPO
Jio Platforms has received regulatory approval from SEBI to proceed with an IPO expected to raise ₹37,700 crore. This move marks a significant development for the Indian market, potentially becoming one of the largest public offerings in the country's history.
Why it matters
As a major digital and telecom player, Jio's entry into the public market is a bellwether for investor sentiment and the broader Indian IPO landscape.
Jio Platforms, the holding company of Reliance Industries’ fintech, digital and telecom companies, received the market regulator nod to proceed with the Initial Public Offering (IPO) going by an exchange filing released August 28.
The IPO is expected to raise ₹37,700 crore from the market in what might be the largest ever in India in terms of issue size, according to market officials. Jio will issue 27 crore new equity shares, the officials said, adding that the date and price band of the equity issue is yet to be announced. The IPO stands with the yet-to-be announced National Stock Exchange (NSE)
Announcing the development, RIL said :“Please note that Jio Platforms Limited (JPL), subsidiary of the Company, has today, i.e., August 28, 2026, received the observation letter on the Draft Red Herring Prospectus (“DRHP”) filed for its proposed Initial Public Offer from the Securities and Exchange Board of India.”
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