India’s Biggest IPO, Groww’s Q2 Profit Run & More

What happened

In what could be India’s biggest IPO (the sale of a company’s shares to the public on a stock exchange) yet, Jio Platforms has filed its RHP with SEBI for a ₹30,213 Cr listing. Jio All Set For Its Mega IPO Reliance’s digital crown is heading down the Dalal Street.

The digital giant has set a price band of ₹1,065 to ₹1,119 per share for its issue, which will value the company at a nifty ₹10.3 Lakh Cr. Reliance Industries holds 66.43% of the company, while big tech giants Meta and Google own 9.98% and 7.73%, respectively.

The Number Game: Jio Platforms is stepping into D-Street with a profitable stack and robust top line growth. Here is a quick look at Jio Platforms’ Q1 FY27 numbers: Operating revenue rose 11.8% YoY to ₹39,173 Cr Net profit jumped 9.2% YoY to ₹7,764 Cr EBITDA improved 15.1% YoY to ₹20,865 Cr Jio Mighty Scale: What works for the digital giant’s IPO is its massive subscriber base, nationwide 5G network and strong financial growth.