Jio Platforms files DRHP with 19 BRLMs, second-highest syndicate on record
Reliance's digital arm filed its draft prospectus on June 19, 2026, appointing 19 book running lead managers led by Kotak Mahindra Capital, with Morgan Stanley India among the syndicate. The board cleared issuance of up to 27 crore new shares at Rs 10 face value, signalling one of India's largest pending listings.
What happened
Jio Platforms filed its DRHP appointing 19 book running lead managers for its IPO, the second-highest on record, with Kotak Mahindra Capital as lead
Key facts
- 19 BRLMs
- 27 crore new shares
- Rs 10 face value
- DRHP filed June 19, 2026
Why this matters
Jio's DRHP filing crystallizes a valuation anchor for India's digital-telecom space, reshaping comp tables and likely accelerating strategic moves by rivals and adjacent platform players.