Reliance Industries Chairman Mukesh Ambani on Friday announced that the board of Jio Platforms has approved the draft red herring prospectus (DRHP) for its much-anticipated initial public offering, with the filing set to be submitted to the Securities and Exchange Board of India (SEBI) later today. Calling the listing “the most important value creation milestone this year,” Ambani said the IPO is expected to unlock significant value for shareholders while offering a compelling investment opportunity to new investors. He added, “I assure you, and all prospective new investors, that a brighter future awaits Jio,” as the company prepares to transition into its next phase of growth under the leadership of Akash, Isha, and Anant Ambani.
Jio Platforms’ board has approved the filing of its draft IPO documents with market regulators. The proposed public issue will include a fresh issuance of up to 27 crore equity shares with a face value of Rs 10 each, with the final price to be decided through the book-building process in line with SEBI regulations.
JioAirFiber has reached 13 million connected homes, making the company world’s largest fixed wireless broadband operator. Total data traffic on Jio’s network in FY26 stood at 241 exabytes, growing 30.8 per cent YoY, placing the company among the largest data operators on the planet, Ambani said
The telecom operator’s Revenue for FY26 stood at Rs 1,46,885 crore, growing 14.6 per cent YoY. EBITDA reached Rs 76,255 crore, an 18.8 per cent growth, with EBITDA margin improving to 51.9 per cent. The company’s profit after tax crossed Rs 30,000 crore, growing 15.1 per cent YoY.
The company highlighted 5 commitments
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