Reliance Jio Set to Submit IPO Application to SEBI Today, Ambani Says

Reliance Industries Chairman and Managing Director Mukesh Ambani on Friday announced that the board of Jio Platforms has approved its initial public offering (IPO) plans and that the Draft Red Herring Prospectus (DRHP) will be filed with the Securities and Exchange Board of India (SEBI) on June 19. The move marks a significant milestone for Reliance Industries and sets the stage for one of the most closely watched public offerings in the Indian market.

Making the announcement during the company’s 49th Annual General Meeting (AGM), Ambani said the board had formally cleared the IPO proposal. He also revealed that the project would be led by the next generation of the Reliance leadership team, including Isha Ambani, Akash Ambani and Anand Ambani. The filing of the DRHP is expected to initiate the regulatory process required before the public issue can be launched.

The planned listing has been anticipated for several years, with market observers closely tracking Reliance’s strategy for unlocking value from its digital and telecommunications businesses. Jio Platforms, which houses Reliance Jio’s telecom operations and digital services portfolio, has grown into one of India's largest technology-driven enterprises since its launch and has attracted investments from several global technology and private equity firms.

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Ambani described the proposed listing as more than just a corporate milestone, saying it would showcase India’s ability to build technology companies capable of competing on a global scale. He expressed confidence in the company's future prospects and said the public listing would provide investors with an opportunity to participate in Jio’s next phase of growth. According to Ambani, the company’s scale, technological capabilities and expanding digital ecosystem position it strongly for long-term value creation.

The IPO is particularly significant because it represents the first major listing from the Reliance Industries group in nearly two decades. Market participants are expected to closely examine the company’s financial disclosures, growth plans and valuation metrics once the draft prospectus becomes publicly available through regulatory filings. The listing is likely to be one of the largest and most consequential offerings in the Indian capital markets in recent years.

Jio Platforms has played a transformative role in India’s digital landscape by expanding mobile broadband access, driving data consumption and building a broad suite of digital services. As the company prepares to enter the public markets, investors and industry observers will be watching closely to assess its growth trajectory, competitive position and long-term strategy. The filing of the DRHP marks the formal beginning of that process and signals Reliance’s intent to take its flagship digital business to the next stage of development.

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