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Jio IPO: India's Mega Share Sale Opens
21 Oct
Summary
- Jio Platforms' $3.2 billion IPO opens on Wednesday.
- The offering is India's largest share sale to date.
- The IPO values Jio Platforms at up to $108.3 billion.
Jio Platforms, a prominent entity within India's Reliance conglomerate, is set to launch its significant Initial Public Offering (IPO) on Wednesday, October 21, 2026. This $3.2 billion offering represents the largest share sale in India's history, aiming to gauge investor enthusiasm for new listings.
The IPO values Jio Platforms at a substantial $108.3 billion, potentially positioning it among India's largest corporations by market capitalization upon its trading debut on October 28, 2026. A considerable portion, approximately one-third of the shares, is earmarked for retail investors.
This venture is the first IPO from Reliance in two decades, surpassing previous major listings. The offering is strategically timed during a Hindu festive season, considered auspicious for financial transactions, though Indian markets have recently shown subdued activity.
Jio Platforms, home to India's largest telecom company with over 500 million subscribers, secured $853 million in pre-IPO share allocations from global and domestic investors. The company's telecom business, launched in 2016, rapidly gained market share by offering affordable data and free voice calls.
