Jio Platforms IPO: From AI ambitions to broadband expansion, 10 things to know from DRHP

Jio Platforms, the digital services arm of Reliance Industries, filed its DRHP with Sebi for what could be India's largest-ever IPO, with reports suggesting the issue could raise around 37,700 crore rupees. The company plans to issue up to 27 crore fresh equity shares, representing about 2.9 percent of its post-issue paid-up equity capital, with pricing to be determined through the book-building process. The DRHP positions Jio as a digital and technology platform spanning connectivity, broadband, AI, cloud, and enterprise solutions, citing a projected growth of India's digital economy from about 49.6 trillion rupees to 125.8 trillion rupees by FY31, while Reliance Industries retains a controlling 66.43 percent stake alongside Meta and Google as key strategic investors.