Jio Platforms to Raise $3.2 Billion in India's Largest Rupee IPO

Key Facts

1Jio Platforms plans to raise up to 302 billion rupees ($3.2 billion) through an IPO scheduled for October 21-23.

2The share sale will be India's largest ever in rupee terms and the second largest in dollar terms, following Hyundai Motors.

Jio Platforms plans to raise up to 302 billion rupees ($3.2 billion) through an IPO scheduled for October 21-23. CNBC reported that the share sale will be India's largest ever in rupee terms and the second largest in dollar terms, following the listing of Hyundai Motors.

The company, which counts Meta and Alphabet Inc's Google among its backers, is seeking to capitalize on its leadership in India's digital and telecom sectors. Alphabet Inc (GOOGL) shares closed at $347.64 on October 14, 2026, while Meta closed at $737.54 on the same date.