Mukesh Ambani-led Reliance Jio may launch its IPO in the first half of 2026. At the recently held Reliance AGM, company chairman Mukesh Ambani had mentioned his plan to list the company’s shares by June 2026. According to estimates by several investment bankers, the valuation of Reliance Jio Platforms is between $130 billion to $170 billion.
What are the company’s plans?
According to a Reuters report, this Reliance Group company can raise $4.5 billion by selling 2.50 percent stake through IPO. This could be the biggest IPO in the history of the country. Earlier, Hyundai Motor India held the record for the largest IPO, raising $3.3 billion in 2025. According to the information available on the Zerodha website, “At the 48th Reliance Industries AGM in August 2025, Mukesh Ambani had formally said that Jio is making all preparations to file for an IPO. He informed that the company is planning to list Jio in the first half of 2026 after getting all the necessary regulatory approvals from the Indian market authorities. Hence, Reliance Jio IPO is scheduled for June 2025. It is expected to hit the Indian primary market by 2026.”
What is GMP?
According to Bugle, the gray market premium (GMP) of Reliance Jio IPO is currently trading at ₹93 per share. This means that the company’s shares are available in the gray market much before the DRHP filing. As mentioned earlier, the company is planning to sell 2.50 percent stake through IPO. Earlier, market regulator SEBI had proposed reducing the minimum share sale size for large companies going public from 5 per cent to 2.5 per cent, which is yet to get approval from the Finance Ministry.
What will be the price band?
Regarding the estimated price band of Reliance Jio IPO, Bonanza Research Analyst Abhinav Tiwari said, “Based on the company’s stated valuation range of $130 billion to $170 billion and assuming a 15-20 per cent discount to retail investors, the estimated price of Reliance Jio IPO shares for retail investors is likely to be between ₹1,048 to ₹1,457 per share, depending on the final valuation band decided. Is.”