Jio Platforms Limited, the digital and telecom arm of Reliance Industries Limited, has received approval from the market regulator SEBI for its IPO. SEBI announced this today, August 28, 2026.

Additionally, the status of Jio’s Draft Red Herring Prospectus (DRHP) on the National Stock Exchange’s official portal now shows as ‘Approved’.

While the exact date for the IPO’s market debut has not been finalized, experts estimate it could be launched around Diwali.

Plan to raise ₹37,700 crore through 27 crore shares

On June 19 of this year, during Reliance Industries’ 49th Annual General Meeting (AGM), Chairman Mukesh Ambani announced that the company intends to launch an IPO for Jio Platforms.

He stated that the company would issue 27 crore (270 million) new shares and plans to raise approximately $4 billion—or ₹37,700 crore—through the IPO.

This could become India’s largest IPO to date. However, details regarding the share price were not disclosed. An IPO for the company had also been announced at the previous year’s AGM but was postponed due to the US-Iran conflict.

Jio Platforms: Reliance’s tech company

Ambani said, “This listing of Jio will demonstrate to the world that India can build technology companies with global scale, global capabilities, and global value.” Jio Platforms is a technology company owned by Reliance, headquartered in Mumbai.

In addition to operating India’s largest mobile network, the company provides advanced 5G services and technology to telecom companies worldwide. It possesses all the essential software, network services, and AI tools related to 5G.

This technology makes it significantly easier for large enterprises and private networks to utilize 5G, enabling deployment over the internet cloud.