By Admin 
- The company aims to raise Rs 37,700 crore from the IPO.
Jio IPO: If you are also among those who are eagerly waiting for the IPO of Mukesh Ambani’s company Jio Platforms, then this news is for you. Actually, the company has made a major change in its top leadership.
The company has chosen Pankaj Mohan Pawar as its new CEO (Chief Executive Officer) in place of Kiran Thomas. Information about this change has been given in the draft papers submitted to market regulator SEBI for IPO. According to this, former CEO Kiran Thomas had resigned from his post as CEO on March 23 and the very next day on March 24, Pankaj Pawar stepped down and Pawar took over as CEO from March 24 the very next day.
Who is the new CEO Pankaj Pawar?
53 year old Pankaj Pawar has been associated with Reliance Group since 2000. He has about 30 years of experience in consumer and digital business. Before this, he had worked as the Managing Director of Jio’s telecom unit Reliance Jio Infocomm.
When is Jio’s IPO coming?
Jio’s IPO can be launched in the market between August and October 2026. The company has submitted its DRHP with SEBI on June 19. The company is preparing to raise about four billion dollars (about Rs 37,700 crore) through this IPO. Jio’s valuation for this IPO is being estimated at around $137 billion (about Rs 11.5 lakh crore). There will be no ‘Offer for Sale’ (OFS) in the IPO. That means the company will use the amount raised for its business growth, developing AI infrastructure and repaying old loans.
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