Jio Targets $108.3 Billion Valuation in Potentially Record Indian IPO
Jio Platforms filed its red-herring prospectus for an IPO seeking up to $3.2 billion at a valuation reaching $108.3 billion. The offering, potentially India’s largest, would fund debt reduction at telecom subsidiary Reliance Jio Infocomm. Jio serves 533 million subscribers and carries approximately 60% of India’s mobile data traffic nationwide.
A successful offering would demonstrate the scale of international and domestic investor interest in India’s digital economy. Jio’s existing shareholders include Meta, Google, KKR, Silver Lake and sovereign investment funds.
With 533 million subscribers, Jio operates one of the world’s largest telecommunications platforms. Its listing could establish a major public-market valuation benchmark for Asian telecom, digital-services and technology businesses.
- 19 October: Anchor-investor bidding is scheduled.
- 21–23 October: Public subscription period.
- After subscription: Final share allocation and issue price.
- Following approvals: Shares expected to begin trading in India.
Jio intends to use up to approximately $2.89 billion of the proceeds to reduce debt at Reliance Jio Infocomm.
2016: Jio launches commercial telecom services.
2020: Jio raises more than $20 billion from global investors.
2020: Jio raises more than $20 billion from global investors.
June 2026: Draft IPO prospectus filed.
14 October 2026: Updated red-herring prospectus filed.
21–23 October: Planned public offering.
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