Reliance to launch Jio IPO on 21 Oct on Dashami:India’s largest IPO at ₹36,000 crore; shares to list on stock market on 28 Oct

Reliance Industries’ telecom arm, Jio Platforms to launch India’s largest IPO of Reliance Jio on Wednesday, 21 October, 2026, Reuters reported citing sources. India celebrates Vijaya Dashami on Wednesday. The news agency says that the IPO size would be $3.8 billion or over ₹36,000 crore. The shares of Jio Platforms will list on 28 October. Earlier, citing banking and other sources, PTI had said that the company is expected to file final papers with market regulator SEBI for the initial public offering in the week starting 12 October. Ambani’s children held roadshows in US, UK Overseas roadshows were held in the US, UK, Dubai, Hong Kong and Singapore w by Jio Platforms Managing Director and Reliance Jio Chairman Akash Ambani and Reliance Retail Ventures Limited Executive Director Isha Ambani. They may hold roadshows in India too One of the event vendors said that JPL is expected to hold a roadshow for the IPO in India in the week starting 12 October after filing the red herring prospectus. The Securities and Exchange Board of India (SEBI) issued its final observations on August 28. Jio Platforms had filed its draft IPO papers in June. IPO details: According to its draft prospectus, the company plans to issue up to 27 crore fresh equity shares, equivalent to about 2.9% of its post-issue equity base. About Jio Platforms Jio Platforms houses Reliance’s digital businesses, including its telecommunications operations. About Jio Infocomm Reliance Jio Infocomm, the telecom arm of JPL, dominates the Indian telecom market with a 32.89% market share in fixed-line connections, serving 157.9 million or 15.79 crore customers, and a 39.29% share in mobile connections, with 506 million or 50.6 crore customers. Is Jio profitable? For FY26, Jio Platforms posted a 15% rise in profit after tax to ₹30,053 crore and a 14.5% increase in the annual revenue to ₹1,46,885 crore. What do analysts say about Reliance Jio? Analysts at Nuvama Research expect Reliance Jio’s profit after tax to clock a compounded annual growth rate of 18% between FY26 and FY30, at par with the oil and gas vertical of parent firm Reliance Industries Limited. Facebook owner’s bet on Jio: Jio Platforms has previously drawn major global technology and financial investors – in 2020, Meta invested ₹43,574 crore for a 9.99% stake, while Google invested ₹33,737 crore for a 7.73% holding. Other investors, including Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, Abu Dhabi Investment Authority, TPG, L Catterton, Intel Capital and Qualcomm Ventures collectively invested about ₹74,745 crore for roughly a 15.2% stake. Reliance Industries owns about 66.4% of Jio Platforms, and Meta and Google together hold about 17.7%, according to the draft prospectus The IPO would be the first public offering from the Reliance group since 2008