Reliance Jio Platforms Eyes Landmark IPO in 2026

Proposed Offering

Reliance Jio Platforms, led by Mukesh Ambani, is considering an initial public offering (IPO) this year that would float 2.5% of the company’s shares. At current valuations, the offering could raise over $4 billion, making it India’s largest-ever IPO.

Valuation & Scale

• Jefferies (Nov 2025): Estimated Jio’s valuation at $180 billion.
• At that valuation, a 2.5% stake sale would raise $4.5 billion.
• This would surpass Hyundai Motor India’s $3.3 billion IPO last year.
• Reliance Jio is India’s largest telecom operator, with over 500 million users.

Strategic Context

• Over the past six years, Jio has diversified into artificial intelligence and attracted investments from global heavyweights including:
  • KKR
  • General Atlantic
  • Silver Lake
  • Abu Dhabi Investment Authority
• The IPO is seen as the most highly anticipated market debut of 2026.

Regulatory Angle

• Reliance intends to list only 2.5% of Jio’s shares, citing the company’s large size.
• India’s market regulator has proposed reducing the minimum IPO float for large companies from 5% to 2.5%, though the measure is still awaiting finance ministry approval.

Outlook

If approved, the IPO would mark a historic milestone for India’s capital markets, reinforcing Jio’s role as a digital and AI powerhouse while setting new benchmarks for fundraising scale.