JIO IPO

1. IPO officially announced At the 2026 AGM, Mukesh Ambani announced that the board of Jio Platforms has approved the IPO and the Draft Red Herring Prospectus (DRHP) has been filed with SEBI. 2. Expected IPO size Reports indicate Jio plans to issue up to 27 crore new shares, with fundraising estimated at around $3–4 billion (₹30,000–37,500 crore), potentially making it the largest IPO in Indian history. 3. Valuation and business scale Jio is widely valued in the $120–180 billion range by analysts and investors. The company has over 500 million subscribers, carries about 60% of India’s data traffic, and has expanded into AI, cloud, enterprise networking, digital apps, and satellite connectivity. 4. Why the IPO matters Reliance believes the listing will unlock value for shareholders and provide investors direct exposure to India’s digital growth story. Jio is increasingly positioning itself as an AI, cloud, telecom, and digital infrastructure platform rather than just a telecom operator. $RELIANCE