{
  "id": 14420616,
  "title": "Big day for Jio's ₹30,000 cr IPO may finally be here",
  "url": "https://urgent.news/2026/10/14/big-day-for-jios-30-000-cr-ipo-may-finally-be-here",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T05:24:15.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/markets/ipos/fpos/exclusive-countdown-begins-for-the-mother-of-all-ipos-jio-likely-to-file-rhp-today-for-record-rs-30000-crore-issue/articleshow/134932999.cms"
  },
  "original_language": "en",
  "account": "India's largest-ever IPO, expected to raise around Rs 30,000 crore, is set to launch on October 21-23, according to sources familiar with the matter. Reliance Industries Ltd.'s telecom and digital services arm, Jio Platforms Ltd., is filing its red herring prospectus (RHP) with the markets regulator Sebi on Wednesday. This IPO, led by billionaire Mukesh Ambani, is expected to surpass Hyundai Motor India's earlier IPO in terms of size.\n\nThe offering, primarily a fresh issue without an offer-for-sale (OFS) component, is expected to give investors direct access to a major technology and consumer platform. Jio's existing marquee investors, including Meta Platforms, Google, and several prominent venture capital firms, are not planning to exit through this offering but are seeking to increase their stakes. Jaadhu Holdings, a Jio affiliate, is the largest external investor with a 9.98% stake.\n\nJio is targeting a valuation of up to Rs 10.3 lakh crore and a price band of Rs 1,065-Rs 1,119 per share, which could raise about Rs 30,200 crore. This IPO is seen as a capital-raising and value-discovery exercise, positioning Jio as more than just a telecom company. The company's businesses span mobile services, fixed broadband, cloud, entertainment, enterprise technology, and artificial intelligence.\n\nJio has been conducting international roadshows across the Americas, Europe, and Southeast Asia, with Ambani appearing in person at these events. Domestic roadshows have also seen strong interest from major mutual funds and institutional investors. The company's FY26 revenue from operations is estimated at Rs 1,46,885 crore, with an EBITDA margin of 51.9% and an active subscriber base of over 524 million.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}