Overview
- On Friday, June 19, 2026, Jio Platforms’ board approved and filed a draft red herring prospectus with SEBI and the exchanges to start the IPO process.
- The proposed offer is structured as a predominantly fresh issue of up to 27 crore equity shares to raise capital for the company rather than to sell existing stakes.
- Reliance said the money raised will be used to build AI infrastructure and data‑centre capacity, expand networks including 5G, and to reduce debt tied to Jio’s growth plans.
- Mukesh Ambani placed Akash, Isha and Anant Ambani in charge of the IPO process, a move that signals a generational shift in operational leadership at Reliance.
- The DRHP filing begins regulatory review and investor marketing that will determine final valuation, issue size and timing, with the outcome likely to shape how markets value India’s large digital and AI ambitions.