Mumbai3 minutes ago
- copy link
The IPO of Jio Platforms Limited, the digital and telecom branch of Reliance Industries Limited, has received approval from market regulator SEBI. SEBI gave this information today on 28th August.
Along with this, the status of Jio’s draft red herring prospectus has also started showing as ‘Approved’ on the official portal of the National Stock Exchange.
However, it is not yet decided when the IPO will hit the market. But, experts estimate that it can be launched around Diwali.
Plan to raise ₹37,700 crore from 27 crore shares
On June 19 this year, in the 49th annual meeting of Reliance Industries, the company’s Chairman Mukesh Ambani had announced that the company is also going to launch an IPO of Jio Platforms.
He had told that the company will issue 27 crore new shares and plans to raise about 4 billion dollars i.e. ₹ 37,700 crore through IPO.
This could become India’s biggest IPO ever. However, no information was given as to what the price of the shares would be. This IPO was also announced in last year’s AGM, but it was postponed due to the US-Iran war.
Isha Ambani had said- 3100+ stores of JioMart
Isha Ambani had said that the customer base of Reliance Retail is continuously increasing and the number of registered customers has reached 38.7 crore. In the last financial year, the company made 1.93 billion transactions, which is 39% more than a year ago. Smart Bazaar network has crossed the mark of 1,000 stores.
He said that the home and personal care business is growing five times faster than the industry average pace. The company’s revenue increased by 11.8% to Rs 3.70 lakh crore in FY 2026.
Jio Platforms is Reliance’s tech company
Ambani said, “This listing of Jio will show the whole world that India can create technology companies with global scale, global capability and global value.” Actually, Jio Platforms is a tech company of Reliance, whose headquarters is in Mumbai. Along with running the largest mobile network in India, this company also provides advanced 5G services and technology to other telecom companies of the world.
It has all the necessary software, network services and AI tools related to 5G. With the help of this technology, it becomes very easy for big companies and private networks to use 5G, which can also be run on the Internet cloud.
What is the whole matter, know the answer to every question
Question: What is the latest update regarding the IPO of Jio Platforms?
answer: The country’s market regulator SEBI has approved the draft offer documents related to the IPO of Jio Platforms Limited. Along with this, the status of Jio’s Draft Red Herring Prospectus (DRHP) is now showing as approved on the official portal of National Stock Exchange (NSE). This was the biggest and most important regulatory milestone for the company towards listing, which has been crossed.
Question: How many shares is the company going to bring in the market under this IPO?
answer: According to papers filed with SEBI, Jio Platforms is planning to issue 27 crore (270 million) new equity shares with a face value of ₹10 through this IPO. All these will be ‘fresh issues’ (new shares).
Question: Are promoters or existing investors also selling their stake?
answer: No. This IPO does not include any ‘Offer for Sale’ (OFS) component. This simply means that Reliance Industries or other existing big investors of the company are not selling their stake in the market. The entire money received from the IPO will go directly to the company.
Question: What will be the price band of this IPO and where will it be listed?
answer: The total amount that will be raised through IPO and what will be its price band has not been officially announced yet. This will be decided further through the book-building process. However, according to the draft papers, it is proposed to list these shares on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Question: When did the process of this IPO start and what did Mukesh Ambani say on it?
answer: Reliance Industries formally initiated the process on June 19, 2026, when the board of Jio Platforms approved the draft papers (DRHP). The same day, at Reliance’s 49th Annual General Meeting (AGM), Chairman Mukesh Ambani had told shareholders, “Jio’s proposed listing will show the whole world that India can create technology companies with global scale, global capability and global value.”
Question: How old is the plan to list Jio in the stock market?
answer: The plan to make Reliance Jio a public limited company is many years old. In the 2019 AGM, Mukesh Ambani had announced that the company would list both Jio and Reliance Retail in the stock market within the next 5 years. Under this, in November 2019, ‘Jio Platforms Limited’ was formed as the holding company of Reliance’s digital and connectivity business.
Question: Was any deadline set for this IPO last year also?
answer: Yes, in the AGM of Reliance held on 29 August 2025, Mukesh Ambani had said that Jio is preparing to file draft papers for IPO and the company aims to list it in the first half of 2026. After this, during the financial results in April 2026, the management had told that the IPO work is in the final stages, after which the papers were filed in June.
Question: How is the situation of Jio Platforms in terms of business and earnings?
answer: Jio’s financial track record is extremely strong. The company has recorded a total revenue of ₹1,46,885 crore in the financial year 2025-26 (FY26).
During this period, the company’s EBITDA stood at ₹76,255 crore, while the company’s net profit (PAT) after paying tax has crossed the figure of ₹30,000 crore.
Question: How many customers does Reliance Jio currently have?
answer: According to the information shared in the Reliance meeting held in June 2026, Jio’s total user base has crossed 524 million.
In terms of user base, it is among the country’s largest and world’s leading telecom and digital service companies.
——————-
Read this news also…
Gold became costlier by ₹ 1,192 today, reached ₹ 1.60 lakh: Silver increased by ₹ 4,392 to ₹ 2.44 lakh per kg
Gold prices rose on Rakshabandhan today i.e. on 28th August. According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has increased by Rs 1,192 to Rs 1.60 lakh.
At the same time, the price of one kg silver has increased by Rs 4,392 to Rs 2.44 lakh today. Read the full news…
-
Gold became costlier by Rs 1,192 today, reached ₹ 1.60 lakh: Silver rose by ₹4,392 to ₹2.44 lakh kg
- copy link
share
-
Sensex closed at 77,265, up 331 points: Nifty rose by 85 points, more buying in IT and metal shares
- copy link
share
-
Gold became cheaper by ₹2951 in a day, at ₹1.58 lakh: More than 5 kg sugar will not be available from Blinkit-Swiggy, Dmart, Subhash Chandra’s repayment plan approved
- copy link
share
-
Earn up to ₹9,250 every month from Monthly Income Account: Post office scheme is offering 7.4% annual interest, know its special features
- copy link
share
Source link
[ad_3]
