Jio Platforms, Reliance Industries' digital services arm encompassing the world's second-largest mobile operator by subscribers, has accelerated toward its IPO following SEBI's final observations in late August on a draft filed in June. Recent overseas roadshows led by Akash and Isha Ambani have generated strong investor interest, supporting a targeted enterprise valuation of $143-146 billion for what could be India's largest-ever offering of around $3.8 billion via a fresh issue of shares. Proceeds are earmarked primarily for repaying Reliance Jio Infocomm debt while funding 5G densification, fixed broadband expansion, AI, and cloud initiatives. Final SEBI filings are expected the week of October 12, with anchor rounds and public subscription potentially opening before October 23 and listing by month-end, subject to market conditions.
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