Jio Platforms Limited filed its Draft Red Herring Prospectus with SEBI on June 19, 2026. The company plans a fresh issue of up to 27 crore equity shares to raise capital. This move follows a long wait since Mr Mukesh Ambani first said the group planned to list Jio in 2019.
One of the most anticipated IPOs in India is the Jio IPO. In 2019, at the AGM of Reliance Industries Limited, Mr Mukesh Ambani mentioned the company’s plans to list Jio separately within 5 Years. After gaining a considerable market share and expanding its portfolio over recent years, Jio Platforms Limited filed its Draft Red Herring Prospectus (DRHP) with SEBI on June 19, 2026.
This upcoming IPO will give retail investors an opportunity to invest in one of the most interesting and modern businesses of the Reliance Group. Here is what investors should know about the Jio IPO.
What Is The Jio IPO?
Jio Platforms Limited is the flagbearer for Reliance's digital connectivity and digital services businesses. Its key operating subsidiary, Reliance Jio Infocomm, provides mobile, broadband and enterprise connectivity services across India. The business also has a presence in digital entertainment, cloud, artificial intelligence and other digital services.
Jio IPO shall be a fresh issue of up to 27 crore equity shares with a face value of ₹10 each. The final issue price will be determined through the book-building process.
As there is no Offer for Sale (OFS) component, no existing shareholders will be selling their shares, and the entire proceeds of the issue will go toward raising capital for the company.
Jio IPO Key Details
Particulars
Details
Company
Jio Platforms Limited
Promoter
Reliance Industries Limited
IPO Type
100% Fresh Issue
Fresh Issue
Up to 27 crore equity shares
Face Value
₹10 per share
Proposed Listing On
NSE and BSE
The issue size of the upcoming IPO of up to 27 crore equity shares represents approximately 2.9% of the post-issue share capital. Market reports have placed the potential issue size at around ₹37,700 crore.
Jio IPO Plan & Timeline
August 12, 2019: At Reliance Industries' 42nd AGM, Managing Director Mr Mukesh Ambani said the group planned to separately list Jio within five years.
August 29, 2025: At the company's AGM, Jio's IPO was indicated for the first half of 2026, subject to the necessary regulatory approvals.
June 19, 2026: Jio Platforms Limited filed its DRHP with the Securities and Exchange Board of India (SEBI). The company had appointed 19 investment banks as Book Running Lead Managers (BRLMs) for the proposed IPO.
August 28, 2026: SEBI issued its observation letter on Jio Platforms' DRHP, taking the IPO process to another regulatory stage.
September 2026: The price band, subscription dates, anchor allocation and listing timeline have not yet been announced. These details are expected closer to the IPO.
Jio's Business Ahead Of The IPO
Jio enters the IPO process with a large customer base and an expanding digital business. At the end of FY26, Jio Platforms reported 524.4 million customers. Revenue from operations stood at about ₹1.47 lakh crore, while its EBITDA was ₹76,255 crore and Profit After Tax (PAT) was around ₹30,049 crore.
The business has also been moving beyond traditional telecom offerings to also include fixed broadband, enterprise connectivity, cloud services, digital entertainment, IoT and AI-related products.
What Investors Should Know Before Applying?
The first point to watch is the valuation. The final price band will determine the valuation at which investors enter the company. A large IPO does not automatically mean an expensive or attractive valuation.
The second is debt reduction. A substantial part of the IPO proceeds is planned for repayment or prepayment of borrowings. Up to ₹27,500 crore has been earmarked for this purpose.
The third is business concentration. Telecom remains an important part of Jio's operations. Investors should consider competition, pricing, subscriber growth, capital expenditure and regulatory changes along with the company's newer digital businesses.
Finally, investors should wait for the RHP and final IPO details before making an application. The price band, lot size, subscription dates and final issue size will provide a clearer picture of the public offering.
Conclusion
The Jio IPO has moved closer to launch with the filing of its DRHP and receipt of SEBI’s observation letter. With the final price band, issue size and subscription dates still pending, investors should assess the company’s valuation, financial performance, proposed use of proceeds and business outlook before applying.