Jio Platforms Files DRHP with SEBI: Issue Size, Lead Managers and Key Details
Jio Platforms filed its Draft Red Herring Prospectus (DRHP) with SEBI on June 19, 2026, with the announcement made by Reliance Industries Chairman Mukesh Ambani during RIL's 49th AGM. The IPO comprises a fresh issue of up to 27,00,00,000 (27 crore) equity shares of face value ₹10 each — no Offer for Sale component, meaning every rupee raised goes into Jio's business rather than to selling shareholders.
Reports indicate the proceeds are largely earmarked for debt repayment, along with General Corporate Purposes. The final issue price will be determined through the book-building process.
Who's Managing the Issue
The Jio Platforms IPO has one of the largest banker lineups seen in an Indian IPO, with 19 Book Running Lead Managers, including:
- Kotak Mahindra Capital Company
- Morgan Stanley India
- BofA Securities India
- Axis Capital
- BNP Paribas
- Citigroup Global Markets India
- CLSA India
- DAM Capital Advisors
- Goldman Sachs (India) Securities
- HDFC Bank
- HSBC Securities and Capital Markets (India)
- ICICI Securities
- IIFL Capital Services
- Jefferies India
- JM Financial
- J.P. Morgan India
- SBI Capital Markets
- UBS Securities India
- 360 ONE WAM
(Source: DRHP lead manager contact details, as filed)
Shareholder Quota
Existing Reliance Industries retail shareholders will receive a dedicated shareholder quota in the Jio IPO. This reservation will allow eligible RIL shareholders to apply under a separate category, similar to the structure followed in other major parent–subsidiary listings in India.
Investors should hold Reliance Industries shares by the eligibility or record date mentioned in the offer documents to qualify for the shareholder quota. Retail Investor Allocation
The Jio IPO will also include a dedicated allocation for retail individual investors not exceeding 35%.
What's Not Yet Known
Price band, lot size, bid dates, and listing date are not yet disclosed — standard at the DRHP stage. These will follow once SEBI issues its observations and the company files the Red Herring Prospectus (RHP) ahead of the issue opening.
Quick Snapshot
This is one of India's most-awaited IPOs, and the DRHP filing is the first formal step toward listing. Track this space for updates as SEBI review progresses.
Jio Platforms IPO FAQs
Has Jio Platforms filed its DRHP?
Yes. Jio Platforms filed its Draft Red Herring Prospectus with SEBI on June 19, 2026. The announcement was made by Mukesh Ambani at Reliance Industries' 49th Annual General Meeting.
Is the Jio Platforms IPO a fresh issue or an OFS?
The Jio Platforms IPO is a 100% fresh issue of up to 27 crore equity shares. It does not include an Offer for Sale component, which means existing shareholders will not sell their shares through the IPO.
What will Jio do with the IPO proceeds?
Jio Platforms plans to use the IPO proceeds for debt repayment, and other corporate purposes mentioned in the Objects of the Issue section of the offer documents.
Will existing Reliance Industries shareholders get a quota in the Jio IPO?
Yes. Eligible Reliance Industries shareholders will receive a dedicated shareholder quota in the Jio Platforms IPO. Investors must hold Reliance Industries shares by the eligibility or record date specified in the offer documents to apply under this category.
Who are the lead managers for the Jio Platforms IPO?
The IPO has 19 Book Running Lead Managers. They include Kotak Mahindra Capital, Morgan Stanley India, Goldman Sachs, J.P. Morgan India, HSBC, Citigroup, ICICI Securities, Axis Capital and SBI Capital Markets.
When will the Jio Platforms IPO open?
The Jio Platforms IPO opening date has not been announced yet. The price band, lot size, bidding dates and proposed listing date are expected to be announced after SEBI issues its observations and the company files the Red Herring Prospectus.
Related reading:
- What is a DRHP? Meaning and Importance
- NSE Files DRHP with SEBI for IPO: Issue Size, OFS and Key Details
- Upcoming IPOs in India 2026
This article is for informational purpose only and does not constitute any investment advice.
