IPO ALERT: The biggest IPO till date is coming, Mukesh Ambani’s company is making strong preparations
- Jio platform is preparing to launch in the stock market
- Selection of investment banks as advisers
- Reliance Group’s first major IPO
Jio IPO: Reliance Industries, one of the largest companies in the country, is now preparing to launch its telecom unit Jio Platform in the stock market. It has been reported that the company is working with several major investment banks for this possible IPO. If the plan goes ahead, it is expected to be the largest IPO in India’s history.
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Selection of investment banks as advisers
According to sources, the company has roped in several global and Indian investment banks as advisors to prepare for this major issue. These include BofA Securities, Citigroup, Goldman Sachs, JM Financial, Kotak Mahindra Capital and Morgan Stanley. It is believed that some more consultants will be added to the process in the future to finalize the IPO preparations.
Reliance Group’s first major IPO
The IPO is also considered special as it will be the first public issue of the Mukesh Ambani-led Reliance Group in nearly two decades. Jio Platforms today has become the largest wireless telecom company in the country and is rapidly expanding into many areas such as digital services, internet, cloud and fintech.
Its value is up to $170 billion
According to banking sources, the potential valuation of Jio Platforms could be put at around $170 billion. According to the government’s recent rules, if the company sells just 2.5% of the market share, this IPO can raise about $4.3 billion, or about Rs 35 thousand crore. That is why the market is very curious about this case.
When will it be in the market?
It is said that once the terms and structure of the IPO are finalised, the company will file a draft red herring prospectus with the Securities and Exchange Board of India, the Indian market regulator. However, the timeline and dimensions of the case are still likely to change, so a final decision may take some time.
Meanwhile, if we talk about India’s IPO market, 2026 has had a bit of a slow start. According to data, around $1.7 billion was raised through IPOs in the first quarter of this year, compared to around $2.3 billion in the same period last year. In such a scenario, Jio platform’s IPO could boost both new energy and investors’ interest in the Indian stock market.
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