Firm Matters

Khaitan & Co acted as legal counsel the book running lead managers as to Indian law in connection with the initial public offering of equity shares, consisting of a fresh issue of 27 crores shares aggregating to INR 30,187.60 crores.

Book Running Lead Managers- Kotak Mahindra Capital Company, Morgan Stanley India Company, BofA Securities India, Axis Capital, BNP Paribas, Citigroup Global Markets India , CLSA India, DAM Capital Advisors, Goldman Sachs (India) Securities , HDFC Bank, HSBC Securities and Capital Markets (India) , ICICI Securities, IIFL Capital Services (formerly known as IIFL Securities), Jefferies India, JM Financial, J.P. Morgan India, SBI Capital Markets, UBS Securities India  and 360 ONE WAM.

Jio Platforms’ IPO has set several records in India’s primary market. 
•    This is India's largest IPO by issue size and the largest offering of entirely fresh equity shares in Indian history.
•    This is RIL group's first IPO in 20 years.
•    The deal is India's most subscribed stock offering with over 1 crore applications and bids worth over INR 7 lakh crores.
•    The IPO was fully subscribed in under 100 minutes and closed 22.19 times subscribed.
•    The Company's subsidiary Reliance Jio Infocomm is the largest digital connectivity player in India.
•    Investors in the Company include affiliates of Meta, Google, PIF, KKR, Vista Equity Partners, Silver Lake, Mubadala, General Atlantic, ADIA. 
•    Jio Platforms is one of India's largest companies by market capitalisation as of the day of listing.