Jio Platforms Files RHP for ₹30,213 Crore Mega IPO

15 Oct 2026, 8:00 am · 3h ago · 1 min read · Inc42New

Amount

₹30,213 Cr

Stage

IPO

Reliance Industries-owned Jio Platforms has filed its Red Herring Prospectus with SEBI for a ₹30,213 crore public listing, set to become India's biggest IPO. The issue consists entirely of a fresh issue of 27 crore equity shares priced between ₹1,065 and ₹1,119 each, valuing the company at ₹10.3 lakh crore. Subscription opens October 21 and closes October 23. Jio will use ₹27,500 crore to repay borrowings, with ₹2,713 crore allocated for general corporate purposes, capex, and growth. Reliance owns 66.43%, while Meta and Google hold 9.98% and 7.73%, respectively.