Reliance Begins Work on Draft Prospectus for Jio Platforms Listing!

Reliance Industries (-0.91%) edges lower even after reportedly begun work on the initial draft prospectus for the long-awaited Jio Platforms IPO, marking a key step toward what could become one of India’s largest-ever listings.

• Jio Platforms is a mega-scale digital empire with global investors like Facebook (Meta), Google, Silver Lake, and KKR already on its cap table.
• A potential listing could reshape India’s tech IPO landscape, attracting strong domestic and foreign investor participation.
• The street believes RIL may use the listing to deleverage further, fund 5G expansion, or accelerate capex into AI and data-center infrastructure.

We suspect, the IPO is expected to command a premium valuation, given Jio’s massive subscriber base (450+ million), high ARPU trajectory, and expanding digital moat.

More clarity on timelines is expected in the coming quarters, but the preparatory work suggests Reliance may finally be moving closer to monetising one of its most valuable assets.

(Source: Bloomberg, Pradyut Patnaik, SEBI Registration No.: INH000001238, liveMint, Moneycontrol, business Standard)

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