With reference to the Jio Platforms IPO, consider the following statements: 1. The IPO size is approximately Rs 15,000 crore. 2. The IPO aims to repay borrowings amounting to Rs 27,500 crore. 3. The IPO is issuing a total of 37 crore shares. Which of the statements given above is/are correct?

Jio Platforms to launch India’s largest Rs 30,213 crore IPO on October 21

GS3Economy · S&T · Environment · Security· Capital markets & SEBI· Prelims· 20 October 2026

Corporate finance and capital markets: a case study on large-scale IPOs and corporate deleveraging in GS3.

Why in news

Jio Platforms is launching India's largest IPO of Rs 30,213 crore to repay borrowings, signaling a major capital market movement by a leading telecom and digital entity.

Background

Jio Platforms, led by Mukesh Ambani, is issuing 27 crore shares priced between Rs 1,065 and Rs 1,119. The IPO aims to repay Rs 27,500 crore in borrowings and has already secured nearly Rs 8,110 crore from 212 anchor investors.

Facts for Prelims

FactJio Platforms IPO size: Rs 30,213 crore
FactIPO share price range: Rs 1,065-1,119
FactNumber of shares issued: 27 crore
FactAnchor investors include LIC, BlackRock, Fidelity, GIC, and Abu Dhabi Investment Authority

Prelims practice question

With reference to the Jio Platforms IPO, consider the following statements:

The IPO size is approximately Rs 15,000 crore.
The IPO aims to repay borrowings amounting to Rs 27,500 crore.
The IPO is issuing a total of 37 crore shares.

Which of the statements given above is/are correct?

(a)2 only
(b)3 only
(c)1 and 3 only
(d)2 and 3 only

Show answer

Answer: (a) 2 only — Statement 2 is correct. Statement 1 is incorrect: The IPO size is Rs 30,213 crore. Statement 3 is incorrect: The note states 27 crore shares are being issued.

For Mains

Q. Discuss the significance of large-scale IPOs by domestic tech giants in deepening India's capital markets and facilitating corporate deleveraging.

Dimensions to cover in your answer

Capital mobility: Transition from debt-heavy balance sheets to equity-funded expansion
Market depth: Impact of high-value listings on retail investor participation and liquidity
Institutional influence: Role of global and domestic sovereign wealth funds in Indian tech ecosystem

Keywords: Capital Markets · IPO · Deleveraging · Anchor Investors · Corporate Finance

Read the full news →Report a mistake in this note How notes are made Source: Economic Times ↗Also: GS3 · IT, AI, semiconductors & computing

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