Stories
Jio's Grand IPO: Set to Reach Rs. 10 Lakh Crore Market Value
- •Jio Platforms is targeting a valuation of Rs. 10.30 lakh crore during its upcoming Initial Public Offering.
- •It is set to become the fourth listed company in India to cross the Rs. 10 lakh crore market capitalization milestone.
- •The company plans to raise approximately Rs. 30,200 crore, making it the largest IPO in Indian stock market history.
- •Jio currently serves nearly 52.44 crore subscribers and has expanded into broadband, cloud services, and AI.
- •Reliance Industries holds a 66.4 percent stake in Jio Platforms, and this standalone listing will reveal its true market value.
Key Questions Answered
Jio Platforms is targeting a valuation of approximately Rs. 10.30 lakh crore during its upcoming initial public offering. If successful, it will become the fourth listed company in India to cross the historic milestone of Rs. 10 lakh crore in market capitalization, joining Reliance Industries, Bharti Airtel, and HDFC Bank.
Jio Platforms plans to raise approximately Rs. 30,200 crore through its public offering, which is expected to open for subscription on October 21. This would surpass Hyundai Motor India's 2024 record of Rs. 27,870 crore to become the largest IPO in Indian stock market history.
As of March 2026, Jio Platforms has nearly 52.44 crore subscribers. After revolutionizing the Indian telecom market with low-cost data and calling services following its commercial launch in 2016, the company expanded its operations into home broadband, digital entertainment, cloud services, artificial intelligence, and enterprise solutions.
