By Admin 
Reliance Jio IPO: Jio Platforms Limited, the digital services company of Reliance Industries (RIL), is coming with its IPO. For this, the company has filed Draft Red Herring Prospectus (DRHP) with market regulator SEBI. This is considered to be the biggest IPO in the history of the Indian stock market, whose size will be around $ 4 billion (approximately between Rs 35000-40000 crore). That means it will be bigger than Hyundai Motor India’s public market debut of Rs 27859 crore in October 2024.
company aims to issue 27 crore new equity shares through IPO Through this, about Rs 42000 crore (about more than 4 billion dollars) is to be raised. Reliance Chairman and Managing Director Mukesh Ambani said at the company’s annual shareholder meeting (AGM) on June 19, “The proposed listing of Jio will show the world that India can create technology companies with global scale, global capability and global value.”
When will Jio’s IPO be launched?
The company has filed its DRHP with SEBI on June 19. The official dates for the opening of the IPO have not been announced yet. However, experts believe that the IPO may be launched in the last week of August 2026 or the next festive season. At present SEBI will review the DRHP submitted by the company.
What will be the price of IPO?
The price band for the IPO has not been decided yet. After the approval of SEBI, it will be announced through the book-building process. However, market analysts believe that its base price is likely to be above Rs 425 per share. The company will also announce the lot size for retail investors along with the price band.
Use of funds raised from IPO
Jio Platforms will use about Rs 27500 crore of the money raised from IPO to pay off the existing debt of Reliance Jio Infocomm. The remaining money will be invested in Artificial Intelligence (AI) infrastructure in the country.
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