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Jio Platform IPO: Rs 27,500 Cr For Debt, Rs 1.46 Lakh Cr Revenue
19 Jun
Summary
- Jio Platforms IPO is an all-fresh issue of up to 27 crore shares.
- Proceeds will fund debt prepayment and general corporate purposes.
- FY26 revenue hit Rs 1,46,885 crore with a 51.91% EBITDA margin.
Jio Platforms is gearing up for an Initial Public Offering (IPO) that will involve the issuance of up to 27 crore shares. The company's strategic objective for this offering is to raise capital primarily for the repayment of its existing debt, alongside funding general corporate activities. This financial maneuver is expected to bolster Jio's financial health and provide resources for future expansion.
The DRHP (Draft Red Herring Prospectus) reveals that an estimated Rs 27,500 crore from the IPO proceeds will be allocated towards the prepayment of borrowings by its subsidiaries. The remaining capital will support broader corporate objectives, including network densification, fixed broadband expansion, and investments in AI and cloud services.
Financially, Jio Platforms demonstrated robust performance in fiscal year 2026. Its revenue from operations surged to Rs 1,46,885 crore, a notable increase from Rs 1,09,558 crore in fiscal 2024. The company's EBITDA also saw significant growth, reaching Rs 76,255 crore, with an improved EBITDA margin of 51.91%.
