Jio Platforms files DRHP for ₹30,000-40,000 cr fresh-issue IPO at up to $180B valuation

Reliance's digital arm filed for a 100% fresh-issue IPO of up to 27 crore shares, targeting $100-180B valuation. ₹27,500 cr earmarked for Jio Infocomm debt repayment; balance funds AI and cloud buildout. FY26 revenue ₹1.47 lakh cr (+15%), net profit ₹30,049 cr (+15%).

— Source publishedFri, 19 Jun, 2026, 20:50 IST·First seen Fri, 19 Jun, 2026, 20:51 IST·Source Entrackr · Newsletter

What happened

Jio Platforms filed DRHP with SEBI for a 100% fresh-issue IPO of up to 27 crore shares, targeting Rs 30,000-40,000 crore at $100-180 billion valuation. Rs

Key facts

  • 27 crore equity shares
  • Rs 30,000-40,000 crore target
  • $100-180 billion valuation
  • Rs 27,500 crore debt repayment
  • RIL stake 66.43%
  • Meta 9.98%
  • Google 7.73%
  • FY26 revenue Rs 1,46,885 crore (+15%)
  • FY26 net profit Rs 30,049 crore (+15%)

Why this matters

Jio's ₹27,500 cr debt paydown plus AI/cloud warchest signals a pivot from telecom pure-play to platform conglomerate, raising the bar for partnership terms across cloud, AI, and digital services.

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