Jio Platforms Limited just got SEBI’s green light after filing its Draft Red Herring Prospectus on 19 June 2026, setting the stage for a potential ₹37,700 crore valuation and up to 27 crore equity shares—about 2.9% of the company’s post‑issue paid‑up capital.
The offer is 100% book‑built and contains no offer‑for‑sale component, a fact that can influence investor appetite as the price band remains undisclosed.
The 27 crore shares will be split 50% for Qualified Institutional Buyers, at least 35% for retail investors, and a minimum 15% for non‑institutional investors, with additional blocks earmarked for RI employees and shareholders.
Jio’s debt‑heavy subsidiary, Reliance Jio Infocomm Limited, stands to receive about ₹27,500 crore of the proceeds to retire outstanding borrowings, while the rest will fund general corporate purposes—an approach echoed in other telecom IPOs that focus on balance‑sheet strengthening.
In a sector context, the proposed size eclipses Hyundai Motor India’s ₹27,870 crore 2024 IPO, making Jio the largest telecom‑related public issue in recent memory. The syndicate, led by Kotak Mahindra, Morgan Stanley India, and BofA Securities India, brings a heavyweight lineup that can drive competitive bidding.
Book‑building is expected to kick off on 30 September, with bids to be submitted via the standard Application‑Supported‑by‑Block (ASB) mechanism; once the final demand is set, allotment will follow SEBI’s T+3 cycle, and shares will be credited to investor demat accounts on the third working day after listing.