New Delhi: Jio Platforms has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its IPO. Bankers estimate that the issue could raise around ₹37,000 crore, or roughly $3.5–4 billion, potentially making it India’s largest public offering by issue size.
Sources have indicated that Reliance is targeting the Navratri-Diwali period, with a possible launch around late October or early November. The exact dates, price band and final structure remain subject to the company’s formal disclosures.
The importance of the IPO goes far beyond the amount of money being raised.
Jio has become one of India’s largest digital businesses since entering the telecom market in 2016. By March 31, 2026, Reliance Jio had 524.4 million customers, making it one of the world’s largest telecom subscriber bases.
But Jio is no longer just a telecom company.
Jio Platforms houses businesses across digital connectivity, entertainment, cloud services, enterprise technology, smart-home products, gaming and AI-powered applications. This wider ecosystem is what makes the proposed listing particularly important for investors.
The IPO could give public-market investors direct exposure to a business that has been one of the biggest drivers of Reliance’s transformation.
Financially, Jio Platforms has also grown significantly. Its revenue from operations increased from about ₹1.10 lakh crore in FY24 to ₹1.47 lakh crore in FY26, while profit for FY26 stood at approximately ₹30,049 crore, according to IPO-related data.
The listing could also help the market establish a clearer valuation for Jio as a standalone digital and technology business.
