- By Aditya Pratap Singh
- Fri, 19 Jun 2026 03:41 PM (IST)
- Source:JND
Jio Platforms, Reliance Industries' digital services arm, will file draft papers for its initial public offerings (IPO) with market regulator Sebi on Friday. The announcement was made by RIL Chairman and Managing Director Mukesh Ambani at the company's 49th Annual General Meeting. Jio IPO, which, according to analysts, could be the biggest public offering to date at a valuation of USD 130-180 billion, will contain a fresh issue of up to 27 crore equity shares with a face value of Rs 10 each. According to the conglomerate, the board of Jio Platforms Ltd approved filing draft papers for an initial public offering.
The price of the issue will be determined through a book-building process. The company have not disclosed the price band or the total size of the offering. The same will depend on the final issue price and regulatory approval.
Addressing the shareholders, Ambani said the draft red herring prospectus (DRHP), approved by the board of Jio Platforms, will be filed with the Securities and Exchange Board of India (SEBI) on Friday.
"My dear shareholders, with great delight, let me tell you that the board of Jio Platforms has approved the draft red herring prospectus earlier today, and it will be filed with Sebi today," Ambani said.
Jio Shareholding
RIL holds 66.43 per cent of the paid-up equity share capital of Jio Platforms Limited (JPL), while Meta and Google hold are the two major investor holding 17.71 per cent stake out of the balance 33.57 per cent.
Jio Platforms is a subsidiary of Reliance Industries and houses the group's telecommunications, digital services, and technology businesses.
Describing the Jio IPO as the company's biggest value-creation event this year, Ambani said the listing would unlock value for Reliance shareholders and provide opportunities for new investors to participate in the company's growth.
He said the IPO process would be led by his children – Akash, Isha, and Anant – who would lead the next phase of growth and value creation at Jio.
"The proposed listing of Jio will demonstrate to the world that India can build technology companies of global scale, global capability, and global value," Ambani said.