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Jio Platforms Moves Forward with IPO Approval from Board

Mukesh Ambani has announced that Jio Platforms' board has approved the Draft Red Herring Prospectus for its IPO, set to be filed with SEBI. This public offering is seen as a pivotal moment for Reliance Industries, with expectations of significant value creation for shareholders and new investors alike. Ambani emphasized the importance of this listing in showcasing India's ability to develop global technology firms. The Ambani siblings are leading the IPO process, aiming to continue the legacy of shared growth initiated by their father, Dhirubhai Ambani. Jio's journey has transformed digital access in India, and the company is now preparing for its next major mission.
By Narendra Chaudhary Jun 19, 2026, 14:48 IST

Mukesh Ambani Announces Jio IPO Progress


Mukesh Ambani, the Chairman of Reliance, revealed that the board of Jio Platforms has given the green light for the Draft Red Herring Prospectus (DRHP), which is set to be submitted to the Securities and Exchange Board of India (SEBI) today, June 19. He emphasized that this public offering marks a significant milestone for Reliance Industries, with the Jio IPO anticipated to be the most impactful value-creation event for the group this year. Ambani expressed that the listing could yield considerable value for current Reliance shareholders while offering an attractive opportunity for new investors.


During the Reliance Annual General Meeting, he stated, "I am pleased to announce that the Board of Jio Platforms has approved the Draft Red Herring Prospectus today, and it will be filed with SEBI later today." Ambani further mentioned that Jio’s market entry would highlight India's capability to establish technology firms with global reach and substantial market value.


Leadership of Jio IPO by Ambani Family


He also pointed out that Akash Ambani, Isha Ambani, and Anant Ambani are leading the IPO initiative and will be crucial in steering the next phase of growth and value creation for the company. "This is a profoundly emotional moment for me, the entire Reliance Family, and millions of shareholders. The bond Reliance has with its shareholders is built on pride, trust, respect, and mutual growth. This commitment to shared growth was deeply personal to Dhirubhai and is equally sacred to me. In this spirit, Isha, Akash, and Anant are at the forefront of the Jio IPO process, poised to lead future value creation opportunities," he remarked.


Ambani assured that the upcoming Jio listing would showcase to the world that India can cultivate technology companies of international scale and value. He promised prospective investors that a brighter future lies ahead for Jio. Reflecting on Jio's journey, he recalled, "Ten years ago, Jio embarked on an ambitious mission to eliminate digital inequality in India. At that time, voice calls were expensive, data was costly, and internet speeds were slow. Jio made voice calls free and high-speed data accessible to all, enabling a digital life for every Indian. Jio has empowered students, supported small businesses, connected families, inspired entrepreneurs, and transformed India into the largest data market globally. Now, Jio is gearing up for its next significant mission," he concluded.