8 billion, Jio Platforms is gearing up to begin investor outreach later this week, according to sources. The digital services arm of billionaire Mukesh Ambani's Reliance Industries, Jio Platforms, last month received approval from markets regulator Sebi to proceed with its initial public offering, paving the way for what would be the country's largest stock-market listing.

The Securities and Exchange Board of India (Sebi) had issued its final observations on August 28. Jio Platforms had filed its draft IPO papers in June.

An email query to Jio, seeking the company's comments, did not elicit a response. 9 per cent of its post-issue equity base.

The offering could value Jio Platforms at about USD 137 billion, people familiar with the matter had earlier indicated. The proceeds will be used primarily to repay or prepay, in whole or in part, about Rs 27,500 crore of outstanding borrowings of Reliance Jio Infocomm Ltd, Jio Platforms' material subsidiary, according to the draft prospectus.

The remainder is earmarked for general corporate purposes. The public offering comes as India's primary market has remained active, with strong participation from retail investors and domestic institutions.

More than two dozen IPOs have been announced or launched since July 1, nearly matching the 28 recorded in the first half of 2026. Jio Platforms houses Reliance's digital businesses, including its telecommunications operations.

29 per cent share in mobile connections, with 506 million customers. 85 crore 5G customers as of June 2026.

5 times the second-largest player, US-based T-Mobile. Jio claims that its 5G network's carrying capacity is close to 60 per cent of India's wireless data traffic, one of the largest in the world.

Leveraging its network and data traffic capacity, Jio has expanded its business into other areas of the digital ecosystem, including cloud, artificial intelligence and enterprise network services. 5 per cent increase in the annual revenue to Rs 1,46,885 crore.

73 per cent holding. 2 per cent stake.

7 per cent, according to the draft prospectus. The IPO would be the first public offering from the Reliance group since 2008 and the first IPO of a consumer-focused business within the conglomerate.

While Jio Platforms is chaired by Ambani, his eldest son Akash is its managing director. Akash is also the chairman of Reliance Jio Infocomm Ltd, the telecom arm of the company.