Jio Platforms IPO likely by Oct end at enterprise valuation of $143-146 billion
Jio Platforms IPO is touted as India's largest public offer at an estimated size of $3.8 billion
Digital services giant Jio Platforms is on track to be listed by the end of October at an enterprise valuation ranging from $143 billion to $146 billion, sources indicate. The IPO is anticipated to be the largest public offer in India, valued at approximately $3.8 billion. Jio Platforms has completed overseas roadshows in the US, UK, Dubai, Hong Kong, and Singapore, with key participants including Jio Platforms Managing Director Akash Ambani and Reliance Retail Ventures Limited Executive Director Isha Ambani.
The company is expected to file the final paperwork with SEBI starting October 12 for the IPO, which is anticipated to commence an anchor round before Dussehra and begin trading post-Dussehra before October 23. Jio Platforms plans to issue up to 27 crore fresh equity shares, equivalent to around 2.9% of its post-issue equity base.
The company's primary market has been active, with numerous IPOs announced or launched since July, similar to the 28 recorded in the first half of 2026. Jio Platforms, which houses Reliance's digital businesses, including its telecom arm, Reliance Jio Infocomm, dominates India's telecom market with a 32.89% share in fixed-line connections and a 39.29% share in mobile connections.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
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