Jio Platforms files DRHP for IPO of 27 crore shares

1 min read Updated on 19 Jun 2026, 02:29 PM

Reviewed by

Shraddha JScanX News Team

AI Summary

Jio Platforms Limited filed its DRHP on June 19, 2026, for an IPO of 27 crore equity shares with a face value of ₹10 each. The fresh issue, approved by the Board, aims to raise capital through the book building process and is subject to SEBI and exchange approvals.

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Jio Platforms Limited, a material subsidiary of Reliance Industries Limited , filed its Draft Red Herring Prospectus (DRHP) on June 19, 2026, with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The company proposes to issue up to 27,00,00,000 (twenty seven crore) equity shares via a fresh issue to raise capital through the book building process. This move marks a significant step for the digital services major as it prepares to list on the stock exchanges.

IPO Share Offering Details

The Board of Directors of Jio Platforms approved the filing of the DRHP. The offering consists of a fresh issue of equity shares with a face value of ₹10 each. The issue price will be determined through the book building process in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Parameter	Details
Company	Jio Platforms Limited
Parent Company	Reliance Industries Limited
New Shares Offered	27,00,00,000 (27 crore)
Face Value	₹10 each
Offering Type	Initial Public Offering (IPO)
Filing Date	June 19, 2026

Regulatory Approvals and Next Steps

The IPO is subject to the receipt of required regulatory approvals from SEBI, BSE Limited, and National Stock Exchange of India Limited. The company has submitted the filing to these authorities for information and records. Further details regarding the issue price, timeline for listing, and specific stock exchanges for the offering will be announced subsequent to regulatory approvals.

What valuation range is Jio Platforms likely to target given its current market position and financials?

How will the IPO proceeds be allocated to support Jio's future growth initiatives?

What impact will the IPO have on Reliance Industries' stake and overall corporate structure?

IPO Filing Plans

The reported filing represents a major step forward in Jio Platforms' capital market strategy. According to the Bloomberg report, the company is targeting next month for submitting its IPO documentation.

Market Implications

The potential public listing of Jio Platforms would represent a notable addition to the Indian capital markets. The company operates in the telecommunications and digital services sector, areas that have seen significant investor interest.

Current Status

While the IPO filing timeline has been reported, specific details regarding the offering size, pricing, or exact timeline beyond the next month target have not been disclosed in the available information. The company has not provided official confirmation of these reported plans.

How might Jio Platforms' IPO valuation compare to other major telecom and digital services companies in the Indian market?

What impact could this public listing have on competition within India's telecommunications and digital services sector?

Will the IPO proceeds be used to accelerate Jio's expansion into emerging technologies like 5G infrastructure or digital payment services?