Jio Platforms board greenlights IPO: fresh issue of up to 27 crore shares, DRHP eyed June 2026
Reliance Industries' board has approved a Jio Platforms IPO structured as a fresh issue of up to 27 crore equity shares at Rs 10 face value. With 524 million subscribers backing it, the DRHP filing slated for June 19, 2026 sets up what could be among India's largest-ever public offerings.
What happened
Reliance Industries' board approved Jio Platforms' IPO as a fresh issue of up to 27 crore equity shares (Rs 10 face value). DRHP to be filed with SEBI on June
Key facts
- 27 crore equity shares
- Rs 10 face value
- 524 million subscribers
Why this matters
A listed Jio Platforms with public currency and IPO proceeds reshapes the digital-services M&A landscape, raising the bar for valuation benchmarks and competitive consolidation across telecom, fintech, and consumer tech.