Overview
- The DRHP filed in June and reviewed by SEBI shows an all‑primary offer of up to 27 crore shares, with media reports on October 13–14 citing a tentative price band of ₹1,065–₹1,119 and a target valuation near ₹10.3 lakh crore.
- Reports say the company aims to raise about ₹30,200 crore and to use up to around ₹27,500 crore of net proceeds to repay or prepay RJIL borrowings, which would cut the subsidiary’s leverage and lower interest costs.
- Multiple outlets report heavy institutional demand with Bloomberg and others citing anchor bids that may exceed $20 billion and naming firms such as Fidelity, Allianz and Capital Group as interested parties.
- Akash Ambani led recent investor roadshows in Hong Kong, London and New York as banks prepared an anchor book expected to open on October 19, a retail subscription window eyed for October 21–23, and a possible listing around October 28.
- Jio’s FY26 metrics in the DRHP — about Rs 1.47 lakh crore revenue, Rs 76,255 crore EBITDA (≈52% margin), Rs 30,049 crore PAT and roughly 524 million subscribers — underpin broker views that the IPO could trigger a re‑rating of Reliance and reshape telecom valuations in India.