Mukesh Ambani made such a move, after 20 years Reliance Group is going to launch the biggest IPO in history

New Delhi: The biggest earthquake ever in the history of the Indian stock market is about to occur. Jio Platforms, the digital services unit of Reliance Industries, has taken a big step towards its much-awaited initial public offering (IPO). The company has filed its draft red herring prospectus (DRHP) with market regulator SEBI. In the Annual General Meeting (AGM) of Reliance, Mukesh Ambani himself had announced that all the necessary documents related to the IPO would be submitted to SEBI on Friday i.e. today itself, and the company did exactly that. According to PTI report, the company is planning to raise around Rs 37,700 crore from the market through this mega issue. If it gets strong support from investors, it will be among the biggest IPOs in the history of India.

According to the official documents submitted with SEBI, Jio Platforms is going to issue a maximum of 27 crore new shares with a face value of Rs 10 in the market. This is going to be approximately 2.9 percent of the total paid-up equity capital of the company after the issue. On the basis of this new share issue, the total valuation of Jio Platforms in the market has been estimated at around $137 billion, which is a huge record in itself.

Historic and very important milestone for Reliance Group

Reliance Industries Chairman and veteran businessman Mukesh Ambani proudly said in the company’s AGM that the listing of Jio Platforms on the stock market will showcase India’s technological capability at the global level. According to him, this IPO is not just a means of raising huge capital from the public market, but is a revolutionary and important step towards building world-class technology companies on Indian soil. After this listing, Jio’s name will be taken with the big tech companies of the world.

Jio’s full focus will be on reducing huge debt

The company has clarified its financial strategy and said that a large part of the proceeds from this mega IPO will be used to reduce the debt of its main telecom unit Reliance Jio Infocomm Limited (RJIL). According to the data till March 2026, Reliance Jio Infocomm had a huge debt of Rs 71,529 crore. According to market insiders, out of the total amount raised from this IPO, about Rs 27,500 crore can be used to repay the loan completely or make pre-payment.

The country’s largest telecom company with more than 52 crore customers

Jio Platforms’ vast business includes not just mobile SIMs but also cloud telecom services, digital platforms, enterprise solutions and new emerging technology initiatives. Its most prominent unit, Reliance Jio Infocomm, has today become one of the largest mobile service providers in the country. Talking about the financial year 2025-26, the total revenue of the company was Rs 1.47 lakh crore and its net profit was recorded around Rs 30,000 crore. At present, the total number of active customers of the company has reached the magical figure of 52.44 crore, out of which alone 26.85 crore customers are enjoying the high-speed 5G network.

Big bet played on 5G and Artificial Intelligence by 2030

Jio Platforms has prepared a long roadmap to deal with future challenges and maintain monopoly power in the market. As part of its strategy, the company has set a big target of migrating its entire user base from 4G to 5G network by the year 2030. Apart from this, the company is placing maximum emphasis on expanding broadband services in the country and rapidly expanding Artificial Intelligence (AI) based digital services.

Let us remind you that in the year 2020, Jio Platforms had received billions of dollars of foreign investment from the world’s leading tech companies like Meta (Facebook) and Google. Now through this domestic IPO, the company is going to start the next new phase of its development by raising capital from the general public and big fund houses. This first public issue of Reliance Group after almost two decades (20 years) is being considered very important and a game changer for the common investors as well as the entire Indian capital market.