The DRHP will be filed with the Securities and Exchange Board of India, BSE Limited and National Stock Exchange of India Limited, the company said in a stock exchange filing.
Jio Platforms proposes IPO by way of a fresh issue of up to 27,00,00,000 (twenty seven crore) equity shares of face value of Rs. 10 each at an issue price to be determined through the book building process as per regulations, it added.
Jio Platforms ended FY2026 with 524 million subscribers.
“The Board of Jio Platforms has approved its DRHP, and it will be filed with SEBI today. This is a deeply emotional moment for me, for the entire Reliance Family, and millions of its shareholders,” Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries, said at the company’s 49th annual general meeting.
“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”, he added.
The Jio revolution is truly a result of the courage, creativity, and commitment of thousands of young Indian engineers. Before Jio, many believed that India could only import technology from the world. Our engineers proved otherwise. Today, Jio is not merely integrating technology. It is creating original technology, Ambani added.
“The Jio user base has crossed 524 million, cementing our No. 1 position. Our 5G subscriber base has crossed 268 million – the largest for any single-country operator outside China, with 77 million net additions during the year,” Akash M. Ambani, Managing Director, Jio Platforms Ltd, said.
Jio Platforms revenue grew 14.6 per cent to Rs 1,46,885 crore in FY2026 from last year. For the first time in our history, Profit After Tax crossed Rs 30,000 crore, growing 15.1 per cent year on year, he added.
Our target is to migrate all subscribers to 5G by 2030 while advancing India’s leadership position in 6G standards, Akash Ambani said.
Jio is evaluating the development of a sovereign Low Earth Orbit satellite constellation for India, while also partnering with leading global constellation providers. Jio is also building its own ground station infrastructure in India, he said.
