Reliance Approves Jio IPO, Paving the Way for One of India’s Largest Public Listings
The Jio IPO is now official. On June 19, 2026, Reliance Industries said its board had approved the draft papers for the much-awaited Jio IPO. An IPO is when a private company sells its shares to the public for the first time. Chairman Mukesh Ambani shared the news at the company’s 49th Annual General Meeting (AGM). The draft papers were then filed with SEBI, India’s stock market regulator. Many experts believe this could become one of the biggest share sales India has ever seen.
This is a big moment for Indian markets. Jio Platforms is the part of Reliance that runs its telecom and digital business. It is the company behind the Jio mobile network that millions of Indians use every day. Now, ordinary people and big investors may soon get a chance to own a piece of it.
What the company announced
The first step in any IPO is a document called the DRHP. DRHP stands for “draft red herring prospectus.” It is a detailed paper that explains the business, its money matters, and the share sale plan. Jio Platforms filed this paper with SEBI. SEBI will now study it before the public can buy any shares.
According to the filing details reported in the press, the IPO will be a “fresh issue” of shares. A fresh issue means the company makes brand-new shares to raise money for itself. The plan is for up to 270 million new equity shares, each with a face value of ₹10. Importantly, no existing investor is selling their shares in this public issue. That means the money raised goes straight to the company.
How big is the Jio IPO?
The numbers here are huge. Bankers and industry sources quoted in reports expect the IPO to raise around $4 billion. In rupees, that is roughly ₹37,000 crore. Based on those figures, Jio Platforms could be valued at as much as ₹13 lakh crore, which is about $138 billion. A “valuation” is simply what the whole company is judged to be worth.
To put that in plain terms, this would be India’s largest-ever stock market debut if it goes as expected. It would pass the earlier record set by the Hyundai Motor India IPO in 2024, which raised more than ₹27,000 crore.
Key facts
| Detail | What is reported |
|---|---|
| Board approval | June 19, 2026, at the 49th AGM |
| Filed with | SEBI (market regulator) |
| Issue type | 100% fresh issue (new shares) |
| Shares offered | Up to 270 million equity shares, ₹10 face value |
| Expected size | Around $4 billion (about ₹37,000 crore) |
| Possible valuation | As much as ₹13 lakh crore (about $138 billion) |
| Jio subscribers | 524.4 million as of March 31, 2026 |
Jio is also one of the biggest mobile operators in the world. It had 524.4 million subscribers as of March 31, 2026. Reports say that makes it the world’s second-largest mobile operator by users in a single country, behind only China Mobile.
When will Jio shares list?
Right now, only the draft papers are filed. The public cannot apply yet. SEBI must first review the DRHP. After that, the company will set a price band and open the application window. So the listing date is not fixed. The share sale is expected later in 2026 once SEBI’s review is done.
This kind of patience is normal. Big IPOs follow a set process to protect investors. The key takeaway for now is that the journey has officially begun.
FAQ
What is an IPO in simple words?
An IPO, or initial public offering, is when a private company sells its shares to the public for the first time. After this, anyone can buy and sell those shares on the stock market.
Can I buy Jio IPO shares right now?
No, not yet. Only the draft papers have been filed with SEBI. The application window will open later, after SEBI reviews the papers and the company announces a price.
Why is this IPO called one of India’s largest?
Because of its size. Reports say it could value Jio Platforms at as much as ₹13 lakh crore. That would beat the earlier record set by Hyundai Motor India’s IPO in 2024.
Why it matters (especially for India and founders)
A listing this size pulls in attention from investors all over the world. That can lift confidence in Indian stocks as a whole. When a giant like Jio lists, money often flows into the wider market too.
For Indian founders and startups, the signal is strong. It shows that home-grown tech and telecom firms can reach world-scale value. It also gives big investors more reason to keep backing Indian companies. India’s growth story sits at the centre of this. For more on where the country is placing fresh bets, see how Kerala is betting big on AI and GenZ startups in its new budget. And to understand the global tech race shaping these markets, read about how China expects a top-class AI model by year-end.
The takeaway
Reliance has set the Jio IPO in motion. The board has approved the draft papers, and SEBI now holds the next move. If the reported figures hold, this could be India’s biggest-ever public listing. For now, investors should watch for SEBI’s review, the price band, and the final listing date. The big share sale is coming, just not today.
Sources
- Analytics India Magazine — Reliance Approves Jio IPO, Paving the Way for One of India’s Largest Public Listings
- Upstox — Jio IPO update: Board approves DRHP; draft papers to be filed with SEBI
- Communications Today — Mukesh Ambani unveils Jio IPO roadmap, DRHP to be filed with SEBI
