7 hrs ago
Jio Platforms Begins Global Roadshow for Potential Record IPO
Jio Platforms, the company behind Reliance’s digital businesses, wants to sell shares to the public.
It plans to raise about $3.8 billion.
This could make the IPO India’s biggest public offering.
The company may be valued at about $137 billion.
Most of the money would be used to repay loans taken by Reliance Jio Infocomm.
Investors will be approached in places such as the United States, Hong Kong, Singapore and the United Kingdom.
Jio provides telecom services and is also expanding into cloud, artificial intelligence and enterprise networks.
The IPO would be Reliance group’s first public offering since 2008.
Jio Platforms will begin investor outreach later this week for a proposed IPO of about $3.8 billion.
The offering could value Jio Platforms at approximately $137 billion and become India’s largest public offering.
The company plans to issue up to 27 crore fresh shares, equal to about 2.9% of its post-issue equity base.
Most proceeds would repay or prepay about Rs 27,500 crore of borrowings at Reliance Jio Infocomm.
Jio Platforms reported FY26 profit growth of 15% and revenue growth of 14.5%, according to the article.
- Who
- Jio Platforms, the digital services arm of Reliance Industries, is planning the IPO.
- What
- The company is preparing an approximately $3.8 billion initial public offering involving up to 27 crore fresh equity shares.
- Where
- The investor outreach is expected to cover the United States, Hong Kong, Singapore and the United Kingdom.
- When
- Investor meetings are expected to begin later this week; Sebi gave its final observations on August 28.
- Why
- Most IPO proceeds would be used to repay or prepay borrowings of Reliance Jio Infocomm, with the remainder for general corporate purposes.
Key facts
- Proposed IPO size
- About $3.8 billion
- Potential valuation
- Approximately $137 billion
- New shares
- Up to 27 crore fresh equity shares
- Post-issue share base
- The new shares would represent about 2.9%
- Planned debt repayment
- About Rs 27,500 crore of Reliance Jio Infocomm borrowings
- Mobile connection share
- Reliance Jio Infocomm has a 39.29% share of India’s mobile connections
- FY26 performance
- Profit after tax rose 15% to Rs 30,053 crore, while revenue rose 14.5% to Rs 1,46,885 crore
Sources
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