Jio Platforms, the digital arm of Reliance Industries, is preparing for what could become India’s largest-ever IPO, targeting a fundraise of ₹40,000–50,000 crore.
According to reports, the company is likely to file its draft red herring prospectus (DRHP) within the next few weeks, with plans to go public in the first half of 2026, subject to regulatory approvals.
The IPO is expected to be largely an offer for sale (OFS), meaning existing investors may dilute a small portion of their stake rather than the company issuing new shares.
Jio has been valued at around $180 billion, making it one of the most valuable digital companies globally.
The listing is seen as a major milestone for Reliance’s digital strategy, allowing early investors like Meta, Google, and global private equity firms to unlock value from their investments.
With strong growth driven by 5G adoption, rising average revenue per user (ARPU), and expanding digital services, Jio continues to position itself as a key player in India’s digital economy.
If executed as planned, the IPO could reshape India’s capital markets and become a landmark event for global investors looking at the country’s tech and telecom sector.
