Jio IPO nears launch: DRHP filed, SEBI clears path
Reliance’s digital arm moves closer to listing with a Rs 37,700‑crore fresh issue; final price band and subscription dates expected soon. One of the most anticipated IPOs in India is the Jio IPO. In 2019, at the AGM of Reliance Industries Limited, Mukesh Ambani, Managing Director of Reliance I
The Jio IPO is nearing its launch stage after filing a Draft Red Herring Prospectus (DRHP) with SEBI on June 19, 2026. The IPO will offer retail investors the chance to invest in Jio Platforms Limited, a key subsidiary of Reliance Industries focused on digital connectivity and services. Jio currently serves 524.4 million customers, with FY26 revenue of Rs 1.47 lakh crore and EBITDA of Rs 76,255 crore.
The IPO will consist of up to 27 crore equity shares at Rs 10 each, with the final issue price determined through a book-building process. SEBI has given its observation letter, clearing the path for the IPO, and the price band, subscription dates, and other details are expected closer to the launch. Investors should consider the valuation, debt reduction, business concentration, and the company's evolving digital business landscape before applying for the IPO.
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