Jio Platforms board approves DRHP for IPO of up to 27 crore shares
Reliance's digital subsidiary takes formal step toward listing; fresh issue of up to 27 crore equity shares to be priced via book building. Proceeds will flow to Jio Platforms, providing a public valuation benchmark.
— 1 earlier story on Reliance Industries Ltd. →What's new
- Jio Platforms board approved the Draft Red Herring Prospectus for an IPO.
- IPO involves a fresh issue of up to 27 crore equity shares at ₹10 face value.
- Listing will provide a public valuation benchmark for Reliance’s digital arm.
Why this matters
This is the first formal step toward what could be one of India’s largest IPOs. Jio Platforms, housing Jio telecom and JioMart, is a core part of Reliance’s valuation. A successful listing could unlock substantial value for Reliance shareholders and set a market price for its digital assets.
What we're watching
- Pricing and valuation at which the IPO is launched.
- SEBI and other regulatory approvals—timeline unclear.
- How the market prices Jio relative to telecom peers.
The full read
Reliance's digital arm is officially going public. Jio Platforms' board has approved the Draft Red Herring Prospectus for an IPO of up to 27 crore fresh equity shares at a face value of ₹10 each. The issue price will be set via book building. This is the first regulatory filing in what could be one of India's largest listings. Jio Platforms holds Jio telecom, JioMart, and other digital assets—making it a core part of Reliance's value. For Reliance shareholders, the IPO is a milestone: it creates a public valuation benchmark for a subsidiary that has attracted global investors. The proceeds stay within Jio, not Reliance, but the listing crystallises value that has long been embedded in Reliance's consolidated numbers. The open question is pricing. At what valuation will the market price Jio relative to peers? That answer will define how much value this IPO really unlocks.
Questions answered
- What is the size of the Jio Platforms IPO?
- The IPO involves a fresh issue of up to 27 crore equity shares with a face value of ₹10 each. The issue price will be determined through book building.
- Who will receive the IPO proceeds?
- The proceeds from the fresh issue will flow directly to Jio Platforms, the company issuing the shares.
- What is Jio Platforms?
- Jio Platforms is Reliance Industries' material subsidiary that houses its digital services business, including Jio telecom and JioMart. It is one of India’s largest digital ecosystems.
- Why is this IPO significant for Reliance?
- Jio Platforms is a key part of Reliance’s value. Listing it will provide a public market valuation benchmark, potentially unlocking tens of thousands of crores in value for Reliance shareholders.
- What are the next steps?
- The filing of the DRHP is the first step. The IPO will proceed subject to regulatory approvals from SEBI and stock exchanges. The listing timeline depends on approvals and market conditions.
- How does this affect Reliance’s share price?
- A successful Jio IPO could unlock value and improve Reliance’s sum-of-parts valuation, but the immediate impact depends on IPO pricing and market reception.
Reliance Industries Ltd.
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on RELIANCE →- 19 Jun 2026 · 2:19 PM IST Jio Platforms board approves DRHP for IPO of up to 27 crore shares
- 9d ago Reliance lands Meta's first custom data centre in India