Reliance AGM 2026: Jio IPO prospectus to be filed today

Chairman & Managing Director Mukesh Ambani said Jio IPO is the most important value creation milestone for Reliance this year

by e4m Staff
Published: Jun 19, 2026 3:04 PM | 2 min read

At the Reliance AGM 2026, Mukesh Ambani announced that Jio Platforms' Board has approved its Draft Red Herring Prospectus (DRHP) for filing with SEBI.
The IPO process will be led by Akash, Isha, and Anant Ambani, marking a significant step in value creation for Reliance.
Ambani emphasized that the Jio IPO aims to showcase India's ability to develop technology companies with global reach and value.
The IPO plans include a fresh issue of up to 27 crore equity shares, pending necessary regulatory approvals.

At the Reliance AGM 2026, Chairman & Managing Director Mukesh Ambani said the Board of Jio Platforms has approved its Draft Red Herring Prospectus (DRHP), and it will be filed with SEBI today.

Akash Ambani, Isha Ambani and Anant Ambani are heading the Jio IPO process and will lead the next generation of value creation opportunities, said Mukesh Ambani.

Ambani reportedly said the proposed listing of Jio will demonstrate to the world that India can build technology companies of global scale, global capability, and global value. According to him, Jio IPO is the most important value creation milestone for Reliance this year.

Meanwhile, in a BSE filing, the company informed, “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 (“DRHP”) 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 (“IPO”),” the company informed in a BSE filing.

The IPO will be subject to receipt of the required regulatory approvals, the filing mentioned.

The proposed listing of Jio will demonstrate to the world that India can build technology companies of global scale, global capability and global value, says Mukesh Ambani.