On this page

Jio Platforms IPO: Akash Ambani cites 7,220 patents and 12,000 engineers a day after RHP filing

Our read

Jio Platforms will more likely than not complete its roughly ₹30,000 crore IPO near the ₹10.3 lakh crore valuation estimate, with demand strong enough to make pricing the main open question.

For operators

Jio Platforms filed its RHP, and Akash Ambani cited 7,220 patents and 12,000 engineers a day later, so retail operators should expect a well-funded, technology-heavy digital rival if the roughly 30,000 crore rupee raise goes ahead.

Watch

Price band implying a valuation above the ₹10.3 lakh crore estimate, at the pricing announcement, would mean institutional demand is outrunning the ₹30,000 crore raise.

Ask next

Which other retail IPOs are coming up?

The report,

Jio Platforms may raise about 30,000 crore rupees in its IPO at an estimated valuation of about 10.3 lakh crore rupees. Akash Ambani said Jio has filed over 7,220 patents and has over 12,000 engineers, a day after the RHP filing.

Jio's stated patent and engineer counts, with the IPO target and valuation
Patents filed
over 7,220
Engineers employed
over 12,000
IPO fundraise target
about 30,000 crore rupees
Estimated valuation
about 10.3 lakh crore rupees
Embed

Paste this HTML where the chart should go. It shows the current chart and links back to the report.

Download PNG

Newer report updates this story , : Issue size is now ₹30,188 crore, not about 30,000 crore rupees.

Read next

  1. Jio Platforms files red herring prospectus for INR 30,213 crore IPO, India's largest ever, , ET BrandEquity
  2. Bajaj Consumer Q2 profit jumps 65.9% to Rs 70.2 crore on 25.5% revenue growth, , NDTV Profit
  • Nestle India: Sales +20.5% · Profit +36.3%
  • Banaraswala: 3 → 50 outlets by March 2027

Reported figures

From the report. Source details below

EBITDA: 76,000 crore rupees

What to watch next

  • Anchor book size and the mix of foreign and domestic funds
  • Final-day subscription multiple across the institutional, retail and non-institutional portions
  • Fresh issue versus offer-for-sale split in the final prospectus
  • Listing-day price against the issue price and the implied market capitalisation

The source

Source Read the source at Business Today

Published

First seen

By