Jio Platforms files DRHP for ₹37,700cr IPO; Reliance Retail flagged as 77% revenue distributor
Jio Platforms' DRHP reveals Reliance Retail is sole distributor of Jio prepaid services, channeling ~77% of revenue. With 524.4M customers, ARPU ₹214, and FY26 revenue of ₹1.47L cr, the IPO ties India's largest retail network deeper to telecom monetization—any distribution disruption flagged as material risk.
Jio Platforms filed DRHP for India's largest IPO (~₹37,700 crore). Notably, Reliance Retail is sole distributor of Jio prepaid services, contributing ~77% of revenue—any disruption flagged as key risk for retail-linked distribution arrangement.