What is Jio Platforms' target valuation for its upcoming IPO?

Jio Platforms is targeting a valuation of $148 billion by September 2027 for its highly anticipated IPO.

When is Jio Platforms expected to go public?

Jio Platforms is gearing up for an initial public offering (IPO) and a stock market listing in the first half of 2026, which is expected to be the biggest in India's capital markets history.

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Jio Platforms Targets $148B Valuation in Highly Anticipated 2026 IPO

Q: How does Reliance Industries' Jio Platforms plan to achieve this valuation?

Jio Platforms' bullish outlook is fueled by enhanced sector dynamics, a more robust tariff environment, and an accelerating shift towards 5G technologies, according to analysts.

25 Oct

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Summary

Jio Platforms eyeing $148B valuation by September 2027
Bullish outlook driven by 5G adoption and improved tariff environment
Jio Platforms' IPO expected to be India's biggest ever

Jio Platforms Targets $148B Valuation in Highly Anticipated 2026 IPO

As of October 25, 2025, Jio Platforms, the digital and telecom subsidiary of Reliance Industries, is preparing for a highly anticipated initial public offering (IPO) in the first half of 2026. Analysts are projecting that the company could achieve a dazzling valuation of $148 billion by September 2027, fueled by enhanced sector dynamics, a more robust tariff environment, and an accelerating shift towards 5G technologies.

ICICI Securities, a leading brokerage firm, expects Jio Platforms' upcoming IPO to fetch "premium valuations," similar to the high-profile equity raise the company undertook in the 2020-21 fiscal year. The brokerage has also raised its valuation estimates for other Indian telecom operators, citing "renewed optimism" driven by stronger financial and business fundamentals across the sector.