Jio Platforms files DRHP for ₹27,000 cr IPO at ~$133 bn valuation

Reliance's digital arm submits draft papers today for what could be India's largest IPO. FY26 revenue hit ₹1.47 trillion (+14.6%), Ebitda ₹76,225 cr (+18.8%), net profit ₹30,053 cr. ARPU climbed to ₹214 across 524.4 mn subscribers, anchoring the consumer-tech ecosystem.

— Source publishedFri, 19 Jun, 2026, 15:05 IST·First seen Fri, 19 Jun, 2026, 15:12 IST·Source Mint · Markets

What happened

Jio Platforms files DRHP today for a ₹27,000 crore IPO, potentially India's largest, at ~$133 billion valuation. Reliance's digital arm reported FY26 revenue of

Key facts

  • ₹27,000 crore IPO
  • 270 million fresh shares
  • $133 billion valuation
  • FY26 revenue ₹1.47 trillion (+14.6%)
  • Ebitda ₹76,225 crore (+18.8%)
  • Net profit ₹30,053 crore (+15%)
  • Q4 net profit ₹7,935 crore
  • ARPU ₹214
  • 524.4 million subscribers

Why this matters

India's largest-ever IPO opens a ₹27,000 cr liquidity window and signals Reliance is unlocking the digital arm—expect aggressive M&A firepower and partnership leverage across adtech, devices, and commerce.

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