Jio Platforms has filed draft papers for what could be India's largest-ever IPO. According to the papers, its FY26 revenue rose 14.6% YoY to ₹1.47 lakh crore, while its profit after tax was ₹30,049 crore. Jio plans to use IPO proceeds to repay nearly ₹27,500 crore of debt and sees significant room for ARPU (average revenue per user) growth.