Jio Platforms to file DRHP for ₹27,000 crore IPO today

Jio Platforms, the digital arm of Reliance Industries, will file its DRHP with Sebi today for a proposed ₹27,000 crore IPO through a fresh issue of 270 million shares at a face value of ₹10, potentially India's largest IPO. Morgan Stanley and Citi Research have pegged the company's valuation at around $133 billion. For FY26, Jio reported revenue from operations of ₹1.47 trillion (up 14.6% year-on-year), EBITDA of ₹76,225 crore, and net profit of ₹30,053 crore, supported by a 524.4 million subscriber base and an ARPU of ₹214.