CNBC- Jio Platforms has filed draft IPO papers with SEBI, marking a significant step in its listing journey.
- The IPO will involve a fresh issue of up to 27 crore shares with a face value of ₹10 each.
- Reliance Jio aims to become the largest-ever IPO in India, surpassing previous records set by NSE and Hyundai Motor India.
- During the Reliance AGM 2026, Mukesh Ambani emphasized the importance of self-reliance and the company's growth.
- Jio Platforms is recognized as India's largest wireless operator, holding nearly 50% of the wired and wireless internet market.
- The company currently boasts over 500 million subscribers and has achieved nationwide 5G coverage.
Jio Platforms has officially filed its draft IPO papers with SEBI, proposing a fresh issue of up to 27 crore shares with a face value of Rs 10. This move is anticipated to create the largest IPO in India, surpassing previous records set by NSE and Hyundai Motor India.15
During the Reliance AGM 2026, Mukesh Ambani emphasized the significance of this listing, stating, "The proposed listing of Jio will demonstrate to the world that India can build technology companies of global scale, global capability, and global value." He also highlighted that Reliance's consolidated revenue reached a record Rs 11,75,919 crore in FY26, marking a 9.8% increase from the previous year, with net profit rising 17.8% year-on-year to Rs 95,754 crore.4
Ambani noted that Jio now boasts over 500 million subscribers and aims to migrate all users to 5G by 2030. The company has also reported a 13% year-on-year rise in operating revenue for the March quarter of FY26, reaching Rs 44,928 crore, with an improved average revenue per user (ARPU) of Rs 214.6
Ambani's remarks reflect a broader vision for India's technological future, asserting that AI self-sufficiency and maximum energy self-sufficiency should become national missions. He stated, "AI will make our networks more efficient, our homes more intelligent, our customer service more responsive, and our platforms more useful to every Indian."
“Jio Platforms has filed for an IPO, planning to issue up to 27 crore shares. Mukesh Ambani emphasized the importance of this milestone during the Reliance AGM 2026.”
