Archive · 5 Oct 2026
Jio Platforms IPO Plans Point to Record-Breaking Indian Share Sale
Jio Platforms is preparing to sell shares to the public.
Reports say it may raise Rs 37,000-38,000 crore, but the company has not decided the final size or price.
If it goes ahead as expected, this would be India’s biggest IPO.
The shares being sold are new shares, so the money will go to the company.
Jio Platforms expects to use much of the money to help pay down loans at its telecom subsidiary.
It will use the rest for general company needs.
The company has spoken with investors and says interest has been strong.
It is also watching market conditions before making final decisions.
Jio Platforms could raise Rs 37,000-38,000 crore, according to an Economic Times report, but the final issue size is undecided.
The IPO is expected to be India’s biggest ever, exceeding Hyundai Motor India’s Rs 27,870 crore offering.
The issue will consist entirely of fresh shares, with a large portion of proceeds expected to reduce Reliance Jio Infocomm’s borrowings.
Jio Platforms filed draft papers with SEBI in June, and the regulator gave its final observations on August 28.
The proposed allocation divides the offer equally between retail and high-net-worth investors and institutional investors.
- Who
- Jio Platforms, with its telecom subsidiary Reliance Jio Infocomm.
- What
- A proposed IPO that could raise Rs 37,000-38,000 crore; final size and pricing have not been decided.
- When
- Draft papers were filed in June, and SEBI gave its final observations on August 28; the article does not specify the IPO date.
- Where
- India.
- Why
- The company plans to use much of the proceeds to repay or prepay some of Reliance Jio Infocomm’s outstanding borrowings, with the remainder for general corporate purposes.
- Tentative fundraising
- Rs 37,000-38,000 crore, according to an Economic Times report; the final amount remains undecided.
- Proposed issue structure
- Entirely fresh shares.
- Potential debt repayment
- About Rs 27,500 crore of Reliance Jio Infocomm borrowings could be repaid or prepaid, fully or partly.
- Proposed investor allocation
- 50% for retail and high-net-worth individual investors and 50% for institutional investors.
- Retail allocation detail
- Within the retail and HNI bucket, 35% is meant for retail investors applying for shares worth up to Rs 2 lakh.
- Regulatory progress
- Draft papers were filed with SEBI in June; SEBI gave its final observations on August 28.
- Reliance Jio Infocomm customers
- 524.4 million as of March 31.