Jio Platforms files DRHP, to use Rs 27,500 cr of IPO proceeds for debt repayment
Reliance's Jio Platforms filed its draft IPO papers on June 19, 2026, earmarking up to Rs 27,500 crore for prepaying borrowings against net debt of Rs 27,579 crore as of March 2026, with the balance going toward general corporate purposes.
Reliance's Jio Platforms filed DRHP for an IPO, earmarking up to Rs 27,500 crore of proceeds for debt prepayment and the rest for general corporate purposes, against net debt of Rs 27,579 crore.
Why this matters
Filing follows Jio Platforms lining up 19 bankers for the IPO, the second-highest syndicate on record, signaling one of India's largest listings with proceeds sized to wipe out matching debt.
Retail-company signals steady at 3,312 over the last 90 days.