Mukesh Ambani Targets India's Biggest IPO! Rs 50,000 Crore Jio Listing In 2026 - Details

Reliance Jio IPO: Reliance Industries Ltd. is planning to sell just 5% of its telecom arm, Jio, in a potential initial public offering (IPO) that could raise more than $6 billion (approximately Rs 50,000 crore), according to a Bloomberg report.

Billionaire Mukesh Ambani’s company has started informal discussions with the Securities and Exchange Board of India (SEBI) to seek approval for a smaller-than-usual public float. Normally, Indian regulations require a 25% listing, but Reliance is arguing that the market cannot absorb such a large offering at once.

If approved, the IPO could happen as soon as next year and would likely be India’s largest-ever share sale. Even a 5% float at Jio’s current valuation would surpass the $5.3 billion IPO by Chinese battery giant CATL, which is the world’s biggest listing so far this year.

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Reliance Jio Launched In 2016

Jio, launched in 2016, is now one of India’s largest telecom operators with nearly 500 million subscribers. It has become a key player in India’s booming digital economy, serving a fast-growing market for online shopping, entertainment, and financial services.

The IPO would also provide an exit route for early global investors, such as Meta and Google, who invested over $20 billion in Reliance’s digital venture in 2020, when Jio Platforms was valued at $58 billion. However, a smaller 5% listing may frustrate some of these investors who were hoping for a larger opportunity to sell their stakes.

India's IPO Market

India’s IPO market, after a slowdown in early 2025, is bouncing back strongly. So far this year, companies have raised over $7 billion, and experts predict that IPO fundraising could cross $30 billion over the next year.

India continues to be the world's No. 2 IPO market with $5.86 billion raised, accounting for 12% of total proceeds globally, LSEG data shows. According to the PRIME Database, there are 143 Indian IPOs being planned worth a potential $26 billion. Of those, 73 have been approved by regulators.

Deliberations on Jio’s IPO are ongoing, and details like timing and size may still change. Neither Reliance nor SEBI has commented on the matter.