New Delhi, June 19 -- Jio Platforms' filing of draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) marks the beginning of what is set to become the largest initial public offering (IPO) in the country's capital market history.

The Reliance Group company plans to raise capital through a primary issuance of 270 million equity shares, representing around 2.9% of its post-issue share capital, with proceeds earmarked largely for repayment or prepayment of outstanding borrowings worth Rs.27,500 crore and for general corporate purposes.

The proposed listing is significant on multiple fronts. It will be Reliance Group's first IPO since 2008 and its first-ever consumer-focused company to tap the public mark...