Reliance Jio, led by Mukesh Ambani, is expected to launch its Initial Public Offering (IPO) in the first six months of 2026. At the recent Reliance AGM, company chairman Mukesh Ambani outlined his plans to list the company's shares by June 2026. According to estimates from several investment bankers, Reliance Jio Platforms is valued between $130 billion and $170 billion.
What is the company plan?
According to a Reuters report, the Reliance Group company could raise $4.5 billion by selling a 2.50 percent stake through its IPO. This would make it the largest IPO in the country's history. Previously, Hyundai Motor India held the record for the largest IPO, having raised $3.3 billion in 2025.
According to information available on the Zerodha website, at the 48th Reliance Industries AGM in August 2025, Mukesh Ambani formally announced that Jio was making all the necessary preparations to file for an IPO. He stated that the company plans to list Jio in the first half of 2026 after receiving all the necessary regulatory approvals from Indian market authorities. Therefore, the Reliance Jio IPO is expected to hit the Indian primary market by June 2026.
What is the GMP?
According to BQ Prime, Reliance Jio's IPO is currently trading at a grey market premium (GMP) of ₹93 per share. This means that the company's shares are available in the grey market well before the DRHP filing. As reported earlier, the company plans to sell a 2.50 percent stake through the IPO. Previously, market regulator SEBI had proposed reducing the minimum share sale size for large companies going public from 5 percent to 2.5 percent, a proposal that is currently awaiting approval from the Ministry of Finance.
What will be the price band?
Regarding the estimated price band for the Reliance Jio IPO, Abhinav Tiwari, a research analyst at Bonanza, said, "Based on the company's stated valuation range of $130 billion to $170 billion and assuming a 15-20 percent discount for retail investors, the estimated price of Reliance Jio IPO shares for retail investors is likely to be between ₹1,048 and ₹1,457 per share, depending on which valuation band is ultimately decided.
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