Reliance Industries' subsidiary, Jio Platforms, filed its Draft Red Herring Prospectus with SEBI on June 19, 2026. The filing initiates what is expected to be one of India's largest initial public offerings. Investors are prioritizing this development as of June 22, 2026.
The proposed offering includes a fresh issuance of 27 crore equity shares. Jio Platforms currently serves a telecom base of over 480 million subscribers. The entity encompasses digital assets including JioSaavn, JioTV, and emerging AI services. Market participants are awaiting regulatory feedback to determine final pricing and valuation.