Mumbai, August 29: After a long wait, investors are now looking forward to what is arguably India’s largest IPO, with 27 crore shares worth ₹37,700 crore up for grabs. Market regulator SEBI has approved Jio Platforms IPO, making it one of the most anticipated this year, with the NSE’s IPO expected later this year.
Reliance Industries currently owns 66.43% in the company, with the remaining 33.57% being held by Meta Platforms (9.98%), Google International (7.73%), and other investors like KKR, Vista Equity Partners and Saudi Arabia’s Public Investment Fund.
Under the plan, existing investors are not selling their shares, and the company will issue 27 crore fresh equity shares, adding about 2.9% to the post-issue equity base, according to the company’s DHRP filed two months ago. Following this, Jio Platforms’ value would rise to about USD 197 billion, according to estimates.
The IPO would be used to repay about ₹27,500 crore ($3.3 billion) of its debt, with the rest going toward general operational and corporate purposes.
Reliance Jio has emerged as the world’s second largest mobile operator after China Mobile, with over 53 crore subscribers as of June 2026.
This news has come at a time when the market has seen fewer IPOs until July 2026, with investors now eagerly awaiting the dates for the issue.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in stocks includes financial risks, and past performance is not indicative of future results. Readers should conduct their own research or consult with a qualified financial advisor before making any investment decisions.
