Jio Platforms Ltd., the digital services arm of Reliance Industries, has filed draft papers for an initial public offering (IPO) that is expected to be the largest in India’s history. The company plans to raise around $4 billion (approximately ₹37,700 crore), with the proceeds primarily earmarked for debt reduction and corporate purposes. The proposed offering is expected to value the company at nearly $137 billion, marking a significant milestone for both Jio Platforms and the Indian capital market.
Particulars
Details
Company
Jio Platforms Ltd.
Parent Company
Reliance Industries Ltd.
IPO Type
Initial Public Offering (IPO)
Expected Fundraise
$4 billion (around ₹37,700 crore)
Fresh Shares Offered
Up to 27 crore shares
Post-Issue Equity Dilution
Approximately 2.9%
Expected Valuation
Around $137 billion
Utilisation of IPO Proceeds
Amount / Purpose
Debt Repayment/Prepayment
₹27,500 crore (estimated)
Beneficiary Subsidiary
Reliance Jio Infocomm Limited (RJIL)
Other Use
General corporate purposes
Major Investments Raised in 2020
Amount
Stake Acquired
Meta
₹43,574 crore
9.99%
Google
₹33,737 crore
7.73%
Other Key Investors
Combined Investment
Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, PIF, Intel Capital, Qualcomm Ventures
Approximately ₹74,745 crore
Current Shareholding Pattern
Stake
Reliance Industries Ltd.
66.43%
Meta
9.99%
Other Investors & Public Shareholders
Remaining Stake
Significance of the IPO
Details
Largest IPO in India
Expected fundraising of around ₹37,700 crore
Reliance Group IPO
First public offering since 2008
Consumer Business Listing
First-ever consumer-focused company from the Reliance Group to be listed
