Jio Platforms files DRHP for ₹33,000-38,000 cr IPO at ₹12-15 lakh cr valuation — India's largest

Jio Platforms has filed its DRHP for what could be India's biggest-ever listing, with a ₹33,000-38,000 crore issue at a ₹12-15 lakh crore valuation. ₹27,500 crore is earmarked for debt repayment against ₹71,529 crore borrowings. Reliance retains 66.43%; capital recycling here directly shapes funding capacity for the group's retail arm.

— Source publishedFri, 19 Jun, 2026, 20:45 IST·First seen Fri, 19 Jun, 2026, 20:55 IST·Source The Hindu BusinessLine

What happened

Jio Platforms filed DRHP for what could be India's largest IPO, raising ₹33,000-38,000 crore at a ₹12-15 lakh crore valuation. Parent Reliance's capital flows

Key facts

  • 27 crore equity shares
  • ₹33,000-38,000 crore IPO size
  • ₹12-15 lakh crore valuation
  • ₹27,500 crore debt repayment
  • ₹71,529 crore borrowings
  • FY26 net profit ₹30,064 crore
  • FY26 revenue ₹1.49 lakh crore
  • 66.43% Reliance stake

Why this matters

India's largest-ever IPO at this valuation tightens the bar for any retail-adjacent listing or strategic raise, and signals Reliance is recycling capital to keep optionality on retail M&A and category expansion.

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