Will The Jio Platforms IPO Live Up To Its Billing?
The IPO values Jio Platforms at approximately ₹10.3 Lakh Cr. The proceeds will primarily repay borrowings of its subsidiary Reliance Jio Infocomm, which serves 533.3 million customers and carries 60% of India's wireless data traffic. Jio Platforms reported FY26 revenue of ₹1.47 Lakh Cr and net profit of ₹30,049 Cr. RIL chairman Mukesh Ambani has encouraged all 4.2 lakh employees to invest, even advancing salaries to enable participation.
Key points
- ₹30,213 Cr IPO with price band ₹1,065–₹1,119 per share, opening October 21
- RJIL has 533.3 Mn customers and carries 60% of India's wireless data traffic
- FY26 revenue ₹1.47 Lakh Cr, net profit ₹30,049 Cr; funds earmarked for debt repayment
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