India's largest digital and telecom company, Jio Platforms, has moved closer to becoming a publicly listed firm after receiving board approval to begin the initial public offering (IPO) process.

The announcement was made by Reliance Industries Chairman Mukesh Ambani during the company's 49th Annual General Meeting (AGM), where he revealed that Jio's draft prospectus would be submitted to the Securities and Exchange Board of India (SEBI), marking a major milestone in the company's growth journey.

According to a regulatory disclosure, Jio Platforms' board approved the filing of the Draft Red Herring Prospectus (DRHP) on June 19. The proposed public issue will include a fresh issuance of up to 27 crore equity shares with a face value of Rs 10 each. The final pricing and size of the issue will be determined through the book-building process and will be subject to regulatory clearance.

Speaking to shareholders, Ambani described the development as a significant and emotional moment for the Reliance Group. He highlighted the company's long-standing relationship with investors and said the proposed listing reflects Reliance's commitment to creating value for shareholders.

The Reliance chairman also indicated that the next generation of leadership is playing a central role in steering the IPO process. He said that Isha Ambani, Akash Ambani, and Anant Ambani are actively leading the initiative and will guide Jio through its next phase of expansion and innovation.

The market has been eagerly awaiting Jio's public listing for several years. At an earlier AGM, Ambani had suggested that the telecom giant could enter the stock market during the first half of 2026. With the filing process now underway, investors finally have a clearer roadmap toward the much-anticipated debut.

Since launching operations in 2016, Jio has transformed India's telecommunications sector through affordable data services and rapid digital expansion. Today, the company has a massive presence across mobile connectivity, broadband services, enterprise solutions, and digital platforms, serving hundreds of millions of users nationwide.

Ambani said the listing would not only benefit investors but also showcase India's ability to build world-class technology and digital enterprises capable of competing on a global scale.

The development comes at a time when India's IPO market is witnessing renewed momentum. Just a day earlier, the National Stock Exchange (NSE) also initiated steps toward its long-awaited public offering. With both Jio and NSE progressing toward market listings, the coming months could witness some of the largest and most closely watched IPOs in the country.

While details such as valuation, pricing, and listing schedules will emerge after regulatory review, Jio's move has officially set the stage for one of the most anticipated stock market launches in India's corporate history.