**Jio Platforms' progress toward listing has been driven by its June 19, 2026, Draft Red Herring Prospectus filing with SEBI, marking a key step for what could become India's largest IPO.** The fresh issue of up to 27 crore shares targets roughly ₹37,700 crore ($3.8 billion) with no offer-for-sale component, using proceeds primarily to repay subsidiary debt and support network expansion. Strong FY26 results—revenue of ₹1.47 lakh crore and profit after tax near ₹30,000 crore—along with a 268 million-plus 5G subscriber base bolster momentum. SEBI issued final observations by late August, enabling a global roadshow that began in mid-September, with market estimates pointing to an October-November 2026 listing window. Traders are monitoring the price band announcement and any final regulatory hurdles, as the company advances AI-native services, fixed broadband growth, and potential satellite initiatives within its digital platform.