Jio Platforms Limited has received board approval for a massive share sale involving 27 crore shares, setting the stage for its initial public offering (IPO). The company is expected to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on June 19, 2026.
Key Details of the IPO
The proposed IPO comprises a fresh issue of up to 27 crore equity shares, each with a face value of Rs 10. This move is part of Reliance Industries' strategy to unlock value in its digital arm. The board's green signal marks a crucial step toward the much-anticipated public listing.
Timeline and Process
According to sources, Jio Platforms will file the IPO papers on June 19. The company aims to raise significant capital through this offering, which will be used for expansion and debt reduction. The exact price band and other details will be revealed in the DRHP.
Market Reaction
Analysts view this development positively, expecting strong investor interest given Jio's dominant position in India's telecom and digital services market. The IPO is likely to be one of the largest in Indian history.
Stay tuned for more updates as the IPO process unfolds.
