Reliance Industries' digital arm Jio Platforms may launch its IPO in October 2026. This $3.8 billion issue is set to be India's largest ever IPO.
Jio Platforms, the digital services arm of Reliance Industries, is all set to take a historic step in the Indian stock market.
According to a recent Reuters report, the company may launch its Initial Public Offering (IPO) on October 21, 2026.
Through this proposed issue, the company plans to raise about $3.8 billion, which is approximately Rs 34,000 crore.
If this IPO proceeds as planned, it will prove to be the largest IPO in Indian corporate history to date.
Jio Platforms' IPO has the potential to surpass the record of Hyundai Motor India, which came in 2024.
Hyundai Motor India held the record for the largest IPO with an issue of about $2.9 billion.
Last month, the listing of the National Stock Exchange with an IPO of about $2.3 billion was also in the news.
However, no official announcement has been made by Reliance regarding the exact date and total amount of the IPO yet.
Reuters, citing sources, reported that Jio Platforms is trying to achieve a massive valuation through this IPO.
The company could target a valuation of $143 to $146 billion, which amounts to at least Rs 12 lakh crore in Indian currency.
Currently, important details like the IPO price band, lot size, and reservation for different investor categories have not been made public.
It is expected that the company's shares will be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Under the proposed IPO, Jio Platforms is likely to issue up to 27 crore new equity shares.
These new shares will represent approximately 2.9 percent of the company's total post-IPO paid-up equity capital.
The company may use a large portion of the proceeds from the IPO to repay the outstanding debt of its telecom unit.
Global giants like Meta and Google have already made significant investments in Jio Platforms.
This listing of Jio Platforms will also be a milestone for the Mukesh Ambani-led Reliance Group.
After a long gap of about two decades, a major public issue from a Reliance Group company is set to enter the market.
This will be the first major public listing of any consumer-focused business of the group, signaling a big move for the market.
Jio Platforms is currently active in modern sectors like Artificial Intelligence (AI), Cloud, and Enterprise Networks, in addition to its telecom business.
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