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Jio Platforms Targets Rs 13 Lakh Crore Valuation in IPO

By Business DeskJio Platforms Targets Rs 13 Lakh Crore Valuation in IPO

Jio Platforms prepares for India’s largest IPO, targeting a massive valuation of up to Rs 13 lakh crore with 27 crore fresh equity shares.

Jio Platforms is gearing up for what is projected to be India’s largest initial public offering, targeting a market valuation between Rs 12 lakh crore and Rs 13 lakh crore. The upcoming mega-issue is structured to consist exclusively of fresh equity shares, completely bypassing any offer-for-sale component.

Key Issue Details and Schedule

The public share sale brings several core figures and dates to the table for investors tracking the massive digital services firm.

  • Fresh issue size: up to 27 crore equity shares
  • Post-issue equity base representation: approximately 2.9%
  • Anchor round date: October 19
  • Public subscription window: October 21 to October 23

Market Placement and Approvals

The offering places the company directly among the top three stocks in India alongside Reliance Industries, HDFC, and Bharti Airtel. Regulatory clearance arrived in late August when the Securities and Exchange Board of India provided its final observations on the draft papers. Permanent employees of Jio Platforms, Reliance Industries, and their subsidiaries also secure a dedicated reservation in the stock allocation.

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