Jio Platforms, NSE target September IPOs to reignite India’s primary market
Jio Platforms is targeting a ₹37,000–37,700 crore listing and NSE ₹30,000–31,500 crore in September, potentially leading a second-half IPO revival. The pipeline also includes consumer-facing companies Zepto, PhonePe, Oyo, Shiprocket and Milky Mist.
Jio Platforms and NSE plan September IPOs that could become India’s largest listings, reviving the primary market. The pipeline includes consumer-facing firms such as Zepto, PhonePe, Oyo, Shiprocket and Milky Mist; Zepto is pursuing a pre-IPO placement after valuation pressure.
Why this matters
The target follows Jio Platforms’ Q1FY27 9.2% profit rise to ₹7,764 crore and DRHP filing, after its first sequential profit dip as 5G costs increased.
Retail-company signals are accelerating, up 224,133% QoQ.
Also reported by
- Mint — Same time