Jio IPO Update: SEBI Clears Mega Issue; India's Biggest Ever Rs. 37000Cr IPO Coming Soon

The Jio IPO will now make its grand debut in the market very soon since the market regulator SEBI has finally given its approval.

SEBI approved the company's IPO documents today, August 28, while Jio Platforms' draft red herring prospectus (DRHP) has also started showing an 'approved' status on the NSE portal.

Although the company has not yet announced an official launch date, the market is expecting that the Jio IPO could be launched around Diwali.

Jio IPO To Raise Around Rs 37,700 Crore

Reliance Industries' digital and telecom arm, Jio, plans to issue around 27 crore new shares through the IPO and is expecting to raise approximately $4 billion, or nearly Rs 37,700 crore, according to the company's earlier announcement. The IPO price band and issue price have not yet been disclosed.

If the issue size stays at around Rs 37,700 crore, the Jio Platforms IPO could become the largest IPO in India's history, surpassing the current record-holder, Hyundai Motor India, which raised around Rs 27,870 crore through its 2024 IPO.

Mukesh Ambani Announced Jio IPO Plans

Reliance Industries Chairman Mukesh Ambani had announced the IPO plans during the company's 49th Annual General Meeting on June 19, 2026. He said Jio Platforms would be brought to the public markets through a fresh share issue.

The Jio IPO plan had already been discussed at the previous year's AGM. However, the proposed listing was subsequently postponed due to geopolitical tensions and the US-Iran conflict.

Jio Platforms posted a strong Q1 FY27 with gross revenue rising 12% YoY to Rs. 45,961 crore and net profit climbing 9.2% YoY to Rs. 7,764 crore, due to strong subscriber growth and rising ARPU. Telecom subsidiary Reliance Jio Infocomm served 52.44 crore customers as of March 2026.

When Will Jio IPO Open?

Despite receiving SEBI approval, Jio Platforms has not announced the final IPO opening date. Investors will have to wait for the company's official announcement regarding the issue timetable, price band, lot size and other IPO details.