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Jio Platforms gets Sebi nod for up to ₹37,700 crore IPO

Reliance Industries’ digital arm Jio Platforms received Sebi clearance for a pure-primary IPO targeting up to Rs 37,700 crore. Proceeds will retire debt and fund corporate purposes, potentially making it India’s largest IPO and strengthening Reliance’s broader consumer ecosystem capital base.

Newer report on another story , , The Hindu BusinessLine : 72 companies line up IPOs worth ₹1.70 lakh crore; Jio, Carlsberg India among names to watch

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Reported figures

From the report. Source details below

25% mandatory public shareholding within 10 years
Rs 27,579 crore net debt as of March 31, 2026
Reliance Industries ownership: 66.43%
External investor ownership: 33.57%
Meta Platforms: 9.98%
Google International: 7.73%
Saudi PIF, KKR and Vista Equity Partners: 2.31% each

Also in the report

  • Up to $4 billion (Rs 37,700 crore) targeted IPO raise
  • Rs 10 face value per share
  • 2.5% minimum initial public float

Other figures

  • 27 crore shares
  • 2.9% equity dilution

The source

Source Read the source at Times of India

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