Business · Updated 15 Oct, 08:00 am IST
Jio Platforms files ₹30,213 Cr IPO; subscription Oct 21–23
Why it matters for readers: Explains why a big tech company is going public and what it plans to do with the money raised.
- Jio Platforms' public issue is entirely a fresh issue of 27 crore equity shares sized at ₹30,213 crore.1
- The IPO subscription window is scheduled from October 21 to October 23 with a price band of ₹1,065 to ₹1,119 per share.1
- Reliance Industries holds 66.43% of Jio Platforms, while Meta and Google hold 9.98% and 7.73% respectively.1
- Jio Platforms will use about ₹27,500 crore of the IPO proceeds to repay borrowings and ₹2,713 crore for corporate purposes and growth.1
- Q1 FY27 numbers show operating revenue of ₹39,173 crore, net profit of ₹7,764 crore and EBITDA of ₹20,865 crore, reflecting year-on-year growth.1
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