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India’s largest digital company, Reliance Jio Platforms, is preparing for a landmark initial public offering (IPO) that could redefine the domestic primary market. The listing is expected in the first half of 2026, with group chairman Mukesh Ambani confirming the timeline at Reliance Industries’ latest annual general meeting.
According to information available on Zerodha’s website, Ambani stated that Jio is making all regulatory preparations to list by June 2026, subject to approvals from market authorities. This aligns with earlier guidance that placed the IPO in H1 calendar year 2026.
According to Reuters, the Reliance Group intends to divest its 2.5% shareholding in Jio Platforms. Judging by the present figures, this signifies an initial public offering (IPO) of nearly $4 billion, which could be the biggest IPO in India’s stock market history.
Investment bankers have estimated Jio’s valuation between $130 billion and $170 billion. Reuters previously reported that Jefferies valued the company at about $180 billion in November 2025. At that level, a 2.5% stake sale could raise nearly $4.5 billion, surpassing Hyundai Motor India’s 2024 listing.
Market tracker Bigul says the Reliance Jio IPO grey market premium (GMP) is currently quoting around Rs 93 per share. Though GMP is not officially recognized, it nevertheless reveals a high level of interest that should be there at the draft red herring prospectus (DRHP) stage.
Analysts believe that the IPO price range could be set at Rs 1,048 to Rs 1,457 per share, subject to the final pricing.
Jio's increasing presence in all areas of telecom, plus extending its AI and digital infrastructure partnership with Nvidia and preparing to challenge Starlink for the broadband market in India, is why the listing is so important.
Disclaimer: This article aims to inform only and is not a recommendation for investment.
