Jio IPO 2026: Jio's mega IPO featuring 27 crore new shares; massive interest among investors.

Reliance Jio has moved a step closer to launching one of the largest IPOs in the history of the Indian stock market. Jio Platforms has received board approval and submitted its Draft Red Herring Prospectus (DRHP) to SEBI. Through the public issue, the company aims to raise nearly ₹25,000 crore by issuing around 27 crore new equity shares, creating huge excitement among investors.

Speaking at the Reliance Industries Annual General Meeting, Chairman Mukesh Ambani described the Jio IPO as a landmark milestone for the company. He said the public offering would unlock significant value for existing shareholders while offering an attractive investment opportunity for new investors. As per the draft documents, Reliance Industries currently holds a 66.43% stake in Jio Platforms.

Although Mukesh Ambani had earlier indicated that the IPO would be launched in the first half of 2026, the process was delayed due to various developments. With the draft papers now officially filed with SEBI, the IPO process has gained momentum, and the proposed issue of 27 crore new shares is expected to become one of the biggest public offerings in India's capital market history.