New Delhi: Mukesh Ambani’s Jio Platforms is preparing for one of the biggest moments in India’s capital market. According to a Reuters report dated October 5, 2026, Jio Platforms plans to launch its initial public offering on October 21, with the shares expected to list on October 28. The company is reportedly targeting around $3.8 billion, or roughly ₹36,000–₹37,000 crore, in the offering.
If completed at this size, the Jio Platforms IPO would become India’s largest public offering to date, overtaking Hyundai Motor India’s $2.9 billion IPO in 2024. The National Stock Exchange’s recent $2.3 billion public offering would also be smaller than the proposed Jio issue.
Jio Platforms is the digital and telecom arm of Reliance Industries. Its businesses extend beyond mobile connectivity and include AI, cloud computing and enterprise network services. Global technology companies including Meta and Google are among its major foreign investors.
The IPO is important for investors because it could give the public market a direct opportunity to value one of India’s largest digital businesses. Jio has played a major role in changing India’s telecom market since its commercial launch, helping drive lower data prices and rapid growth in mobile internet usage.
The proposed IPO also comes at a time when India’s primary market is seeing strong activity. According to PRIME Database, nearly 250 companies are currently in the pipeline to raise a combined $48 billion, or around ₹4.65 lakh crore, through IPOs. Fundraising between April and September 2026 has already reached a record level for that period.
For investors, valuation will be one of the biggest factors to watch. A large IPO does not automatically mean an attractive investment. Investors will need to study Jio’s revenue growth, profitability, debt, competition, subscriber base and future spending plans.
The proceeds from the proposed issue are expected to be used largely to repay debt linked to Jio’s telecom business.
