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Jio Platforms has taken a major step toward its highly anticipated stock market debut, with the company's board approving the Draft Red Herring Prospectus (DRHP) for its proposed Initial Public Offering (IPO).

According to the company, the IPO will include a fresh issue of up to 270 million equity shares with a face value of Rs.10 each. The final issue price will be determined through the book-building process in accordance with SEBI’s Issue of Capital and Disclosure Requirements (ICDR) Regulations, 2018. The public offering is expected to rank among the largest IPOs in India's capital market history.

Speaking at Reliance Industries’ 49th Annual General Meeting (AGM), Chairman Mukesh Ambani highlighted that the next chapter of Jio’s growth will be driven by the younger generation of the Ambani family. Drawing inspiration from the vision of Reliance founder Dhirubhai Ambani, he emphasized the importance of continuing a legacy of innovation and inclusive growth.

“Akash, Isha, and Anant are leading the Jio IPO process and will spearhead the next generation of value creation opportunities,” Ambani said.

He described the proposed listing as a landmark event for India’s technology sector, stating that it would showcase the country's ability to build globally competitive technology companies.

“This IPO will demonstrate to the world that India can create technology enterprises with global scale, capability, and value. I assure all current and prospective investors that Jio’s future is brighter than ever,” he added.

Jio's Innovation Push Gains Global Recognition

Ambani also highlighted Jio Platforms’ rapid progress in innovation and intellectual property development. Referring to the latest report from the World Intellectual Property Organization (WIPO), he noted that Jio climbed from 340th to 20th place globally within a year in innovation rankings measured through patent activity.

The achievement places Jio among the world’s leading technology innovators and makes it the only Indian company featured in the global top 20.

Expansion Plans Across AI, 5G and Digital Services

Looking ahead, Ambani outlined Reliance Industries’ ambitious growth roadmap, which includes investments in sovereign AI infrastructure, satellite broadband services, expanded 5G networks, and next-generation digital platforms.

He also announced Reliance Industries’ strongest-ever financial performance for FY26, with record revenue, EBITDA, and net profit figures.

Jio continues to dominate India's digital ecosystem with more than 524 million subscribers. Its rapidly expanding 5G network now serves 268 million users, while JioAirFiber has connected approximately 13 million homes across the country.

Reliance Reports Record FY26 Performance

Reliance Industries reported consolidated revenue of ?11.76 trillion in FY26, marking a 9.8% year-on-year growth. The increase was driven by strong performance across consumer-facing businesses, particularly telecom and retail, along with stable contributions from the company’s energy operations.

Ambani also underscored Reliance’s aggressive investment strategy. The conglomerate invested Rs.1.44 trillion in capital expenditure during FY26, taking its cumulative capital expenditure over the last five years to Rs.6.48 trillion.

With the Jio IPO now moving closer to reality, investors and industry observers will be watching closely as India's largest digital platform prepares for one of the country's most significant public listings.