Jio Platforms files DRHP for India's largest-ever IPO at $4 billion

Reliance's digital arm Jio Platforms has filed draft papers for a $4 billion IPO, issuing 270 million fresh shares representing 2.9% of post-issue capital. Proceeds will repay Rs 27,500 crore in debt. This marks the first Reliance Group IPO since 2008, with the platform serving 524.4 million customers.

— Filed Mon, 22 Jun, 2026, 13:04 IST · Source Moneycontrol · Updated

Jio Platforms, Reliance's digital arm, filed DRHP for India's largest-ever IPO at $4 billion, issuing 270 million fresh shares (2.9% post-issue) to repay Rs 27,500 crore debt. First Reliance Group IPO since 2008.

Why this matters

Filing follows board approval to submit DRHP with up to 27 cr fresh shares on June 19. Ambani is framing the listing as the next leg of Reliance value creation, backed by 19 BRLMs.

Retail-company activity steady at 3,415 signals over the last 90 days.

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