Reliance Industries chairman Mukesh Ambani on Friday said the company’s board has approved the Jio IPO and that the Draft Red Herring Prospectus (DRHP) will be filed with the market regulator, SEBI, today. Ambani said that the listing of Jio will demonstrate to the world that India can build technology companies of global scale, capability and value. The company plans to issue up to 27 crore new shares with a face value Rs 10 each.
“Reliance Board has approved the JIO IPO. The Draft Red Herring Prospectus will be filed today. Isha Ambani, Anant Ambani and Akash Ambani will lead the project,” Ambani said at the 49th Annual General Meeting (AGM) of the company.
“The Board of Directors of Jio Platforms Limited (JPL), a material subsidiary of the Company, has today, i.e., June 19, 2026, approved the Draft Red Herring Prospectus to be filed with the Securities and Exchange Board of India, BSE Limited and National Stock Exchange of India Limited in connection with its proposed Initial Public Offer by way of a fresh issue of up to 27,00,00,000 (twenty seven crore) equity shares of face value of Rs 10 each at an issue price to be determined through the book building process in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018,” Reliance said in an exchange filing.
Ambani also said that India has emerged stronger amid global uncertainty, has handled the West Asia crisis competently, and must accelerate its Atmanirbhar Bharat efforts.
