Key Takeaways
- The Jio Platforms IPO 2026 aims to raise ₹30,200 crore.
- The company set its share price between ₹1,065 and ₹1,119.
- Jio targets a ₹10.3 trillion valuation through its public share offering.
The Jio Platforms IPO 2026 opened on Wednesday, with the telecoms business backed by Reliance Industries aiming to raise up to ₹30,200 crore. The Jio Platforms IPO 2026 could become India’s largest-ever IPO, targeting a valuation of ₹10.3 trillion at the top of its price range.
Jio Platforms IPO 2026 opens for investors
The Jio Platforms IPO 2026 has a price band of ₹1,065 to ₹1,119 per share. The company is offering up to 270 million new shares as part of the sale. The IPO opened to retail investors on Wednesday and is scheduled to close on Friday.
At the upper end of the price range, Jio would be valued at around £81 billion. This valuation would place it among India’s largest listed companies, behind Reliance Industries, Bharti Airtel, and HDFC Bank.
Ahead of the public launch, Jio secured commitments from 212 anchor investors. These include major global investment firms such as BlackRock, Fidelity Investments, JP Morgan Asset Management, Franklin Templeton, Invesco, and Schroders. The Singapore sovereign wealth fund and the Abu Dhabi Investment Authority are also among the investors.
Reliance Industries has encouraged its more than 400,000 employees to participate in the share sale. Eligible employees can buy shares at a discount of ₹54 per share, compared with the public offering price.
The IPO marks a major step for Jio Platforms, which began a decade ago as a subsidiary of Reliance Industries. Led by Akash Ambani, the company provides low-cost broadband and telecom services to millions of customers across India.
IPO valuation and market conditions
Jio’s target valuation of ₹10.3 trillion is more than double the ₹4.9 trillion valuation recorded in 2020, when Meta Platforms and Google invested in the company. Those investments helped expand Jio’s role in India’s telecoms and digital services markets.
However, the current valuation target is below earlier expectations. When the company filed a draft prospectus during the summer, estimates placed its potential value above £110 billion. The latest target of around £81 billion reflects a lower valuation than those initial expectations.
The timing of the IPO also comes as India’s stock market faces a downturn. The Nifty 50 index has fallen by more than 12% this year, creating a weaker market environment for companies seeking public investment.
Investor demand during the offer period and trading after the listing will help determine Jio’s market value. The final valuation will depend on the share price and how investors respond once the stock begins trading publicly.
The launch gives investors an opportunity to buy shares in one of India’s largest telecoms businesses. It also represents a significant development for the country’s IPO market, with Jio seeking to raise substantial capital through its first public share sale.
