Overview
- SEBI issued its final observation on Jio Platforms’ draft prospectus on Aug. 28, clearing the company to complete price-band setting, pre-marketing and filing of the final prospectus.
- The offering is structured as a pure primary issue of up to 27 crore fresh shares, equal to roughly 2.9% of post-issue equity, with no offer-for-sale by existing holders.
- Jio plans to use about ₹27,500 crore of the net proceeds to repay or prepay borrowings of Reliance Jio Infocomm and will use remaining funds for general corporate purposes.
- Media reports cite a target raise near $3.8–4.0 billion and possible valuation talk ranging above $100 billion, though final price and timetable will be set by the company.
- Reliance will remain the majority owner (about 66.4%) while Meta, Google and global financial investors hold the rest, and Jio’s scale—over 533 million subscribers—underpins market interest and the listing’s potential to set a benchmark for India’s IPO market.