The wait is finally over. Jio Platforms on Friday filed its draft red herring prospectus (DRHP) with market regulator Sebi for its much-awaited initial public offering, comprising a fresh issue of 27 crore shares. Announcing the move, billionaire Mukesh Ambani said the listing would unlock immense value for investors.
The IPO comes at a time when Jio's operating performance remains robust. For the March quarter of FY26, the telecom giant reported a 13% year-on-year increase in operating revenue to Rs 44,928 crore, while net profit rose 13% to Rs 7,935 crore. EBITDA grew 18%, aided by a 230 basis-point expansion in operating margins.
