Jio Platforms set to launch India's largest IPO with soft-marketing from next week
Reliance's digital arm plans to begin IPO soft-marketing next week ahead of roadshows, targeting a ₹32,000-35,000 crore raise at a ~$133 billion valuation. The offer would rank as India's biggest, following Q1 earnings, with RIL holding a 66.43% stake and backers including Meta, Google, KKR and Silver Lake.
Jio Platforms, Reliance's digital arm, plans to begin IPO soft-marketing next week for what could be India's largest offer (~₹32,000-35,000 crore), following Q1 earnings and ahead of roadshows, at a ~$133 billion valuation.
Why this matters
Follows Jio Platforms' DRHP filing for India's largest-ever IPO and a Q1 preview expecting double-digit revenue and profit growth on subscriber gains, positioning the raise after Q1 earnings.
Retail-company signals are accelerating, up +849800% QoQ.
Also reported by
- Mint — Same time