Jio Platforms will offer up to 27 crore shares—roughly 2.9% of its post‑issue equity—making the listing the largest in the country.
The company has completed investor roadshows in the United States, United Kingdom, Dubai, Hong Kong and Singapore, led by Akash Ambani and Isha Ambani, and plans to file its final prospectus with SEBI during the week of Oct. 12.
Jio Platforms sits at the heart of Reliance’s digital push, serving 506 million mobile customers and 157.9 million fixed‑line subscribers, while its 5G network carries almost 60% of India’s wireless data traffic.
FY26 profit after tax climbed 15% to ₹30,053 crore, and revenue grew 14.5% to ₹146,885 crore, positioning the company for a high valuation.
Meta, Google and a consortium of global investors own about 15% of the firm, with Reliance holding 66.4%; the 2020 fundraising round brought in $12 billion from tech giants and private equity.
With the primary market rallying, the IPO is slated to close before Oct. 23, and SEBI’s final observations will decide whether the filing proceeds next week.