Reliance Jio IPO papers likely to be filed within days before Mukesh Ambani's AGM speech, FT reports

According to the report, Jio could file its draft red herring prospectus (DRHP) with the capital markets regulator, the Securities and Exchange Board of India (SEBI), within days.

The filing could be done before Reliance Industries Limited Chairman Mukesh D Ambani's speech at the company's annual general meeting (AGM) on Friday, FT sources said.

Ambani, in RIL's annual report published last month, said the company is taking deliberate steps to strengthen Jio's institutional framework, improve transparency and prepare it for opportunities ahead as the digital services evolve into a global technology leader.

"We will continue to evaluate strategic pathways that can broaden stakeholder participation and support Jio's long-term growth, always guided by the principle of sustainable value creation," Ambani said.

Reliance Industries holds 66.43% of the paid-up equity share capital of Jio Platforms Limited (JPL). Meta and Google hold 17.71% of the balance, 33.57% in JPL.

Reliance Jio Infocomm, which will debut on the National Stock Exchange and BSE, has hired 17 merchant bankers to manage its listing.

While announcing Q4 FY26 results, Ambani said that the company is moving steadily towards the listing of Jio Platforms. "This will mark a defining milestone in its journey as it continues to scale new heights and contribute to India’s digital future," he said.

For FY26, Jio Platforms posted a 15% increase in net profit to ₹30,053 crore as against ₹26,120 crore a year back.

The annual revenue from operations advanced 14.5% to ₹1,46,885 crore in fiscal 2026 compared to ₹1,28,218 crore in FY25.