Jio Platforms has received SEBI's crucial approval for its initial public offering, paving the way for what could become India's largest stock market listing. The IPO aims to raise approximately ₹37,700 crore primarily to reduce debt at its telecom subsidiary.
₹37,700 crore
Expected IPO Size
⏳ Time Machine
How today’s news fits into the bigger picture
2016
Reliance Jio Launches Operations
Reliance Jio Infocomm launched its 4G services, disrupting the Indian telecom market with free voice calls and aggressive data pricing, rapidly acquiring millions of subscribers and challenging incumbents.
2019
Jio Platforms Formed
Reliance Industries consolidated its digital and telecom businesses, including Reliance Jio Infocomm, into a new entity called Jio Platforms, signaling its ambition beyond just telecom.
2020
Global Investments in Jio Platforms
Jio Platforms raised over $20 billion from global tech giants like Meta ($5.7 billion) and Google ($4.5 billion), along with several private equity firms, valuing the company at over $65 billion.
March 2026
Jio Infocomm Subscribers Hit 524.4 Million
Reliance Jio Infocomm's subscriber base reached 524.4 million, solidifying its position as one of the world's largest mobile operators by single-country subscriber count.
June 2026
DRHP Filed with SEBI
Jio Platforms filed its Draft Red Herring Prospectus (DRHP) with SEBI, formally initiating the IPO process and outlining its plans to raise funds, primarily for debt reduction.
Today
Jio Platforms received SEBI's final approval for its mega IPO, clearing the path for India's potentially largest-ever listing.
What happens next?
The company is expected to announce the IPO dates and price band soon, with the listing anticipated to generate significant market buzz.
Mukesh Ambani's digital services arm, Jio Platforms, secured approval from SEBI on August 28, 2026, for its much-anticipated Initial Public Offering. The company plans to raise an estimated ₹37,700 crore (around $3.8-$4 billion) by issuing up to 27 crore fresh equity shares. A significant portion of these proceeds, specifically ₹27,500 crore, is earmarked for the repayment of outstanding borrowings of its telecom unit, Reliance Jio Infocomm Ltd. This approval marks a major step towards an IPO that analysts believe could potentially surpass previous listings to become the largest in India's history. Jio Platforms had initially filed its Draft Red Herring Prospectus (DRHP) with the market regulator in June.
💭 If you're wondering…
A 'fresh issue' means the company itself sells new shares to the public, and the money raised goes directly to the company. This is different from an 'offer for sale' where existing shareholders sell their shares, and the money goes to them.
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