Jio Platforms IPO DRHP: Mukesh Ambani-led Reliance Jio Platforms, India’s biggest telecom firm, is poised to file the draft red herring prospectus (DRHP) with the capital market regulator Securities and Exchange Board of India (SEBI), for its initial public offering in the next few days, sources told ET NOW.
Last week, RIL hired 17 banks for Jio’s IPO plan. Jio’s IPO size could be at least Rs 35,000 crore (at least $3.7 billion).
- Valuation for Jio Platforms is seen at least $150 billion ahead of IPO
- Recently, the government notified SEBI norms on minimum public shareholding in companies
- Jio Platforms’ IPO will benefit from the new SEBI rules
- SEBI: 2.5% equity should be offered to the public if valuation is above ₹5 lakh crore
- RIL could not immediately reply to ET Now emailed query
