TL;DR
Jio Platforms filed its DRHP with SEBI on 19 June 2026.
The IPO consists of a fresh issue of up to 27 crore equity shares.
IPO proceeds will primarily be used to repay Rs 27,500 cr of borrowings at Reliance Jio Infocomm Ltd. (RJIL).
FY26 revenue stood at Rs.1.47 lakh cr, while net profit reached Rs.30,049 cr.
The company serves 524.4 million subscribers, including 268.5 million 5G users.
Reliance Industries remains the promoter, with global investors like Meta, Google, KKR, and PIF also holding stakes.
Introduction
India's largest digital platform, Jio Platforms Limited, has officially entered the IPO race after filing its Draft Red Herring Prospectus (DRHP) with SEBI on 19 June 2026. Backed by Reliance Industries, Jio has grown far beyond a telecom operator. In this article, we'll explore the Jio Platforms IPO, its financial performance, key strengths, and growth opportunities.
Jio Platforms IPO Details
Particular | Details |
DRHP Filing Date | 19 June 2026 |
IPO Type | Fresh Issue |
JIO IPO Size | Up to 27 crore equity shares |
Face Value | Rs.10 per share |
Reservation | RIL Shareholders & Employees |
Registrar | KFin Technologies |
Book Running Lead Managers | Axis Capital, Kotak Mahindra Capital, Morgan Stanley, BofA Securities India, Goldman Sachs India, ICICI Securities and others |
Objects of the Issue | Repayment of Rs.27,500 cr borrowings of Reliance Jio Infocomm Ltd. (RJIL) |
Source: JIO IPO Drhp
The company has proposed a fresh issue of equity shares of up to 27 cr, with a portion reserved for eligible Reliance Industries shareholders and employees. The capital raised will strengthen the balance sheet of its telecom subsidiary by reducing existing debt
Jio Platforms Financial Performance
Particulars (Rs. Cr) | FY24 | FY25 | FY26 | YoY Growth (FY26) |
Revenue from Operations | 1,09,558 | 1,28,218 | 1,46,885 | 14.6% |
EBITDA | 54,959 | 64,170 | 76,255 | 18.8% |
EBITDA Margin | 50.16% | 50.05% | 51.91% | — |
Profit After Tax | 21,423 | 26,109 | 30,049 | 15.1% |
PAT Margin | 19.55% | 20.36% | 20.46% | — |
Net Worth | 2,77,866 | 3,04,022 | 3,34,013 | 9.9% |
Jio continues to report one of the strongest profitability profiles in the telecom industry.
EBITDA margin remained above 50% for three consecutive years.
PAT margin improved to 20.46% in FY26.
Return on Average Net Worth increased to 9.42%.
The numbers show that Jio is not only expanding its customer base but is also improving profitability. Revenue has grown by nearly 34% over the past two years, while net profit has increased by more than 40%, reflecting strong operating leverage and disciplined cost management.
What Does Jio Platforms Do?
Jio Platforms is the digital business arm of Reliance Industries. Also, the company has evolved into a diversified technology platform. Jio Platforms is much more than a telecom company. It combines:
Mobile and 5G connectivity
Fiber broadband
Digital apps and services
Cloud and AI solutions
Enterprise technology
Its goal is to become India's leading digital platform by offering connectivity and digital services through one integrated ecosystem.
As of 31 March 2026, Reliance Jio Infocomm served 524.4 million customers, making it the largest digital connectivity provider in India. The company also reported 268.5 million 5G subscribers, reflecting its leadership in next-generation telecom services
What Is Driving Jio's Growth?
Several structural trends continue to support the company's long-term growth.
Expanding 5G Network
Jio has rapidly expanded its nationwide 5G coverage, enabling faster internet speeds and new digital use cases.
AI-First Strategy
The company is embedding AI across its products, network operations, and customer services to improve efficiency and create new revenue opportunities.
Large Digital Ecosystem
With millions of active users already using Jio's services, the company can introduce additional digital products at relatively low customer acquisition costs.
Increasing Digital Consumption
Growing smartphone penetration, higher internet usage, video streaming, gaming, digital payments, and enterprise digitisation continue to increase demand for Jio's services.
Also Read: Jio IPO Vs NSE IPO 2026: Which Mega IPO to Watch?
