Reliance Jio Platforms, the digital and telecom arm of Reliance Industries Limited (RIL), has begun preparations for its initial public offering (IPO). The company is currently working with investment banks Kotak Mahindra Capital and Morgan Stanley as it advances plans for the IPO, according to an ET Now report by Anurag Joshi dated January 6, 2026, citing sources.
Bankers Initiated, Formal Mandate Pending
While the formal appointment of bankers to manage the issue is expected at a later stage, sources reportedly said Jio Platforms is likely to file its draft red herring prospectus (DRHP) with capital market regulator SEBI within the next two to three months.
IPO Could Be India’s Largest Primary Issue
According to the report, early indications suggest that Jio Platforms could be valued at around USD 160 billion. The proposed IPO is expected to raise between USD 4 billion and USD 6 billion, potentially making it the largest primary equity offering in India’s capital markets.
Jio Platforms is India’s largest telecom operator, with a subscriber base exceeding 50 crore, and has a strong presence across digital services, broadband, and enterprise solutions.
Ambani Targets Listing by H1 2026
At the 48th annual general meeting (AGM) of Reliance Industries held in August 2025, Chairman Mukesh Ambani had announced plans to float an IPO of Jio.
"Jio is making all arrangements to file for its IPO. We are aiming to list Jio by the first half of 2026, subject to all necessary approvals," Mukesh Ambani had said. "I assure you that this will demonstrate that Jio is capable of creating the same quantum of value as our global counterparts. I am sure that it will be a very attractive opportunity for all investors," he added.
