Jio Platforms has approved its Draft Red Herring Prospectus (DRHP) for its proposed initial public offering (IPO), with the filing scheduled to be submitted to the Securities and Exchange Board of India (SEBI) on June 19, 2026. The announcement has been made by Mukesh Ambani, Chairman and Managing Director of Reliance Industries (RIL), during the company’s Annual General Meeting (AGM) in Mumbai.
As per media reports, Ambani has described the development as a significant milestone for Reliance Industries, its shareholders, and the broader organisation. He has stated that the relationship Reliance shares with its shareholders is founded on trust, respect, and shared growth.
During the AGM, Ambani has said that Akash Ambani, Isha Ambani and Anant Ambani have been leading the Jio IPO process and will guide the next phase of value creation opportunities for the company. He has also said that the proposed listing will demonstrate India’s ability to build technology companies with global scale, capability and value.
Ambani has outlined five commitments that will drive Jio’s next phase of growth. The first commitment has focused on expanding JioTrue5G and making it the foundation of India’s next digital transformation. He has stated that the company aims to migrate all subscribers to 5G by 2030 while contributing to the development of 6G standards.
The second commitment has centred on expanding high-speed broadband access through JioAirFiber. According to Ambani, the company’s non-line-of-sight technology has extended broadband connectivity to areas where fibre deployment was previously not viable. He has added that more than 90% of JioAirFiber installations have been completed within 24 hours and home broadband connections have been growing by up to 60,000 per day.
The third commitment has involved digitising Indian enterprises and small businesses through initiatives such as JioPC, which delivers cloud computing services to businesses through a set-top box-based solution.
The fourth commitment has focused on making artificial intelligence accessible to users across India. Ambani has said that Jio has already been embedding AI into consumer technologies, network operations, customer service and digital platforms.
The fifth commitment has been to take India’s technology capabilities to international markets. Ambani has stated that Jio’s proprietary deep-tech stack, developed for 5G, fixed wireless access and AI services, is ready for deployment with international partners in select geographies.
He has also said that Jio expects average revenue per user (ARPU) to increase as the company launches additional services, including premium 5G offerings, AI-bundled services and enterprise solutions.
“This is a deeply emotional moment for me, for the entire Reliance Family, and millions of its shareholders.”
“The proposed listing of Jio will demonstrate to the world that India can build technology companies of global scale, global capability, and global value.”
“I assure you, and all prospective new investors, that a brighter future awaits Jio.”
