Jio Platforms files DRHP for Rs 27,500 crore IPO, proceeds to clear matching debt pile

Reliance Jio Platforms has filed draft papers for an IPO of around Rs 27,500 crore, with proceeds primarily earmarked for debt prepayment and general corporate purposes. The sizing closely matches its Rs 27,579 crore net debt projected as of March 2026.

— Filed Sat, 20 Jun, 2026, 01:15 IST · Source Moneycontrol · News Web · Updated

Reliance Jio Platforms has filed its DRHP for an IPO, with around Rs 27,500 crore of proceeds earmarked mainly for debt prepayment and general corporate purposes, against net debt of Rs 27,579 crore.

Why this matters

Filing aligns with reports of Jio Platforms targeting one of India's largest IPOs, with valuations cited up to $137B and Reliance Retail flagged as a 77% revenue distributor in related disclosures.

Retail-company signals steady at 3,308 over the past 90 days.

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