Jio Platforms IPO Gets SEBI Nod for Landmark Listing
By Business Desk
Jio Platforms secures SEBI approval for its IPO, planning to issue up to 27 crore equity shares. A major step towards listing on BSE and NSE.
Jio Platforms Limited has secured essential approval from the Securities and Exchange Board of India (SEBI) for its upcoming Initial Public Offering (IPO). This regulatory clearance marks a significant step for the company as it prepares to list on India’s premier stock exchanges.
The company’s Draft Red Herring Prospectus (DRHP), initially filed on June 19, outlines a fresh issue of up to 27 crore equity shares. Each share holds a face value of Rs 10, with the final issue price to be determined through a book-building process.
IPO Structure and Listing
Reliance Industries formally initiated the IPO process on June 19, aiming to bring Jio Platforms to public markets. This move is expected to underscore India’s capability in developing technology companies of global standing.
- Jio Platforms plans to list its shares on both the BSE and NSE.
- The IPO is designed as a fresh issue, involving up to 27 crore equity shares.
Company Background and Financial Strength
The idea of a public listing for Jio Platforms has been under consideration for several years, with the entity itself established in November 2019. It functions as the holding company for Reliance’s extensive digital and connectivity ventures, consolidating a wide array of services.
Jio Platforms demonstrated robust financial performance in FY26, reflecting significant growth across its operations. The company reported substantial revenues and profits, highlighting its market position.
- Revenues for FY26 stood at Rs 1,46,885 crore.
- EBITDA reached Rs 76,255 crore during the same period.
- Profit after tax surpassed Rs 30,000 crore.
- By the June Annual General Meeting, Jio’s subscriber base had grown to over 524 million users.
Chairman Mukesh Ambani previously emphasized that the listing would highlight India’s ability to develop technology companies of global stature, capability, and value. The SEBI approval now paves the way for this vision to materialize, bringing a key digital player to the public markets.