Archive · 4 Oct 2026
Jio Platforms IPO Nears, With October Listing Reported
Jio Platforms is getting ready to sell shares to the public for the first time.
This kind of sale is called an IPO.
The company has finished meeting potential investors in several countries and is preparing more paperwork.
Reports estimate that it could raise about $3.8 billion by selling new shares.
Some earlier reports valued the company at about $137 billion, while newer reports give a higher enterprise valuation of $143–146 billion or more.
Sources say the listing may happen by the end of October, but Jio has not officially confirmed the date.
The plan says most of the money raised would help pay loans held by its telecom subsidiary, Reliance Jio Infocomm.
Any remaining money would be used for general business purposes.
Jio Platforms has completed overseas investor roadshows and is preparing its final IPO documents.
Reports estimate the IPO at about $3.8 billion, with up to 27 crore new shares, or roughly 2.9% of post-issue equity.
Sources cited by PTI expect final papers in the week beginning October 12 and a possible listing by October-end; the company has not officially confirmed the timetable.
Valuation reports differ: earlier estimates put the company at about $137 billion, while newer reports cite an enterprise valuation of $143–146 billion or more than ₹12 lakh crore.
The draft prospectus says most proceeds would repay or prepay about ₹27,500 crore of Reliance Jio Infocomm borrowings, with the rest for general corporate purposes.
- Who
- Jio Platforms, Reliance Industries' digital services arm.
- What
- The company is preparing an IPO estimated at about $3.8 billion.
- When
- Sources expect final papers in the week beginning October 12 and a possible listing by October-end; the timetable is not officially confirmed.
- Where
- Overseas roadshows were held in the US, UK, Dubai, Singapore and Hong Kong.
- Why
- The draft prospectus says most proceeds would repay or prepay about ₹27,500 crore of Reliance Jio Infocomm borrowings; the remainder would go to general corporate purposes.
Earlier reports
Newer reports
Valuation estimate
Earlier reports
Earlier reports citing people familiar with the matter put Jio Platforms' valuation at about $137 billion.
Newer reports
Newer reports citing sources tracking the process put its expected enterprise valuation at $143–146 billion or more than ₹12 lakh crore.
IPO timetable
Earlier reports
Some coverage said no IPO date had been officially announced and cited a broader October–December 2026 expectation.
Newer reports
Sources cited by PTI expect final papers in the week beginning October 12, an offer opening before October 23, and a listing by October-end.
- Estimated offer size
- About $3.8 billion
- Planned fresh issue
- Up to 27 crore shares, about 2.9% of post-issue equity
- Valuation estimates
- Earlier reports cited about $137 billion; newer reports cite enterprise valuation of $143–146 billion or more than ₹12 lakh crore
- Planned debt repayment
- About ₹27,500 crore of Reliance Jio Infocomm borrowings
- Regulatory progress
- Draft IPO papers were filed in June; SEBI issued final observations on August 28
- Reported timetable
- Sources expect final papers in the week beginning October 12 and a possible listing by month-end; Jio has not officially confirmed dates
- FY26 financial results
- Profit after tax rose 15% to ₹30,053 crore; annual revenue rose 14.5% to ₹1,46,885 crore
Sources
Jio Platforms Likely To List By October End, Enterprise Valuation Seen Above Rs 12 Lakh Crore
Jio Platforms IPO Set for October End Listing, Valued at $143-146 Billion
Final touch underway for Jio Platforms IPO; latest GMP, expected launch date, size, valuation, shareholders quota
Jio Platform puts finishing touches to $3.8-bn IPO
Jio Platforms IPO likely by Oct end at enterprise valuation of $143-146 billion
Jio's $3.8 Billion Public Offer Moves Closer After Global Investor Roadshows