Object to the issue:
- The proceeds raised from the fresh issue will be used towards the repayment/prepayment of the existing borrowings taken by its subsidiary, Reliance Jio Infocomm Limited.
- While the remaining funds will go towards the General Corporate purposes.
A total of 19 merchant bankers are appointed to handle the Jio Platforms Limited IPO, including Kotak Mahindra Capital Company, Morgan Stanley India, BofA Securities India, Axis Capital, BNP Paribas, Citigroup Global Markets India, CLSA India, DAM Capital Advisors, Goldman Sachs (India), HDFC Bank, HSBC Securities, ICICI Securities, IIFL Capital Services, Jefferies India, JM Financial, JP Morgan India, SBI Capital Markets, UBS Securities, and 360 One WAM.
According to the firm, the listing of Jio platforms’ IPO will provide various benefits, including gaining visibility and significant value for investors.
A few hours ago, the Jio Platforms board approved the DRHP to be filed with the SEBI, NSE, and BSE stock exchanges, and later today, they filed the draft papers. The sources speculate the Jio Platforms IPO size to be around $3 billion. However, the exact IPO size and price band are yet to be announced by the company.
This was the most-awaited IPO of 2026. Reliance Chairman and Managing Director Mukesh Ambani stated that the listing of this IPO will benefit the Reliance shareholders while offering the public a chance to trade the company’s shares.
He also mentioned that Jio’s IPO will be managed by his children, Akash, Isha, and Anant, who will lead the IPO process and take part in the company’s next phase of growth.
In the 48th AGM (Annual General Meeting), Mukesh Ambani spoke about five core growth priorities for Jio Platforms. Integration of JioTrue5G network, strengthen high-speed connectivity with JioAirFiber, and promote small and medium-sized businesses through products such as JioPC. Moreover, they are also planning to develop their own Artificial intelligence technology, an AI Call agent.
The Equity shares of the IPO are proposed to be listed at NSE Limited and BSE Limited. While the registrar to the IPO is KFin Technologies Limited.
Jio Platforms IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Jio Platforms Company Financial Report
Amount â‚ą in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2024 | â‚ą1,10,175.4 | â‚ą81,367.4 | â‚ą21,423.2 |
| 2025 | â‚ą1,29,333.0 | â‚ą94,205.7 | â‚ą26,109.0 |
| 2026 | â‚ą1,49,759.1 | â‚ą1,09,406.0 | â‚ą30,049.1 |
Jio Platforms IPO Valuation – FY2026
Truhome Finance IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | â‚ą33.63 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 9.42% |
| Net Asset Value (NAV): | â‚ą373.66 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Bharti Airtel Limited | 45.96 | 42.27 | 20.32 | 244.60 | 2,10,972.8 Cr. |
| Vodafone Idea Limited | 3.21 | 4.65 | – | (3.30) | 44,873.0 Cr. |
One Response
Thanks for posting this DRHP update. I am following your IPO news and found the explanation helpful.