What was filed
On June 19, 2026, Reliance Industries Limited informed the exchanges that the Board of Directors of Jio Platforms Limited (JPL), described in the filing as a material subsidiary of the company, had on the same day approved the Draft Red Herring Prospectus (DRHP) to be filed with the Securities and Exchange Board of India, BSE Limited and the National Stock Exchange of India in connection with JPL's proposed Initial Public Offer.
Structure of the proposed offer
Per the filing, the IPO is proposed by way of a fresh issue of up to 27,00,00,000 (twenty seven crore) equity shares of face value of Rs. 10 each. The issue price is to be determined through the book building process in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company stated that the IPO will be subject to receipt of the required regulatory approvals.