Jio Platforms Ltd approves DRHP for IPO

The Board of Directors of Jio Platforms Limited (JPL), a material subsidiary of Reliance Industries Limited, has today, i.e., June 19, 2026, approved the Draft Red Herring Prospectus ("DRHP") to be filed with the Securities and Exchange Board of India, BSE Limited and National Stock Exchange of India Limited in connection with its proposed Initial Public Offer 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 at an issue price to be determined through the book building process in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("IPO").

The IPO will be subject to receipt of the required regulatory approvals.

Shares of Reliance Industries Limited was last trading in BSE at Rs. 1327.75 as compared to the previous close of Rs. 1332.55. The total number of shares traded during the day was 1732372 in over 30146 trades.

The stock hit an intraday high of Rs. 1333.70 and intraday low of 1321.55. The net turnover during the day was Rs. 2298573541.00.

Source : Equity Bulls

Keywords

RelianceIndustries INE002A01018 JioPlatforms FundRaising IPO