Reliance Jio Infocomm is preparing to file draft papers for its proposed $4 billion IPO ahead of Reliance Industries' Annual General Meeting (AGM) scheduled for June 19, 2026, according to a Financial Times report. If launched, the IPO could become one of the largest public offerings in India's capital markets.
Jio Infocomm is likely to file draft papers for its proposed $4 billion IPO. The filing is expected ahead of Reliance Industries Chairman Mukesh Ambani's annual address at the company's AGM on June 19, 2026.
If completed as planned, the IPO could surpass Hyundai Motor India's $3.3 billion public issue and become one of the largest IPOs in the country's history.
Jio Platforms raised more than ₹1.5 lakh crore (around $20 billion) from 13 global investors in 2020. The investor group included Google, Meta, Silver Lake, KKR, Vista Equity Partners, General Atlantic, Abu Dhabi Investment Authority, Saudi Arabia's Public Investment Fund, TPG, L Catterton, Intel Capital and Qualcomm Ventures.
Since then, the company has expanded its presence across 5G services, broadband connectivity, digital platforms, and enterprise solutions.
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Reliance Industries is scheduled to hold its 49th Annual General Meeting on June 19, 2026, at 2:00 PM IST through video conferencing and other audio-visual means.
During the company's 2025 AGM, Chairman Mukesh Ambani had indicated that Jio would be listed in the first half of 2026. The reported IPO filing would mark another step towards that objective.
As of 2:21 PM on June 17, 2026, Reliance Industries share price was trading at ₹1,329.50, up ₹1.65 or 0.12% compared with the previous day's closing price on the BSE.
Jio Infocomm is reportedly preparing to file draft papers for its IPO ahead of Reliance Industries' AGM on June 19, 2026. If launched, the offering could rank among the largest IPOs in India. If the company adopts a fresh issue structure, the proceeds may support its future business expansion.
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Published on: Jun 17, 2026, 4:46 PM IST
Rakesh Deshmukh
Rakesh Deshmukh is a financial content specialist with around 3 years of experience writing impactful content across equities, mutual funds, IPOs, and personal finance. At Angel One, he decodes real-time market trends and breaking news, helping investors and traders stay updated. He also helps investors make informed decisions by simplifying market fundamentals and technical analysis. He holds a bachelor’s degree in commerce.
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