Reliance Jio IPO Back on Track

Reliance Industries’ telecom arm, Jio Infocomm, is reportedly preparing to launch its much-awaited Initial Public Offering (IPO). According to reports, the company is expected to submit its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) this week. The IPO, which had been delayed due to unfavorable market conditions, is expected to raise nearly $4 billion (approximately ₹36,000–40,000 crore), making it one of India’s largest public offerings in recent years.

Investors are now closely watching Reliance Industries’ Annual General Meeting (AGM) scheduled for June 19, where Chairman Mukesh Ambani is expected to provide further clarity on the Jio IPO timeline. Apart from the public issue, key announcements regarding Reliance Retail’s expansion plans, future IPO roadmap, artificial intelligence investments, and data center expansion projects are also anticipated. The company is also expected to seek shareholder approval for a dividend of ₹6 per share for the financial year 2025-26.