Mumbai, June 19 -- Reliance Industries-backed Jio Platforms on Friday filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO), proposing a fresh issue of up to 27 crore equity shares with a face value of Rs 10 each.

According to the DRHP, the IPO will not include any offer for sale (OFS) by existing shareholders. The issue will be conducted through the book-building route.

The DRHP stated that the company proposes a "Fresh Issue Up to 270,000,000 Equity Shares of face value of Rs 10 each for cash" and clarified that the "Offer for Sale Size" is "Not applicable."

Jio Platforms, which is promoted by Reliance Industries Limited (RIL), said the equity shares ...