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Jio to reach Rs 10 lakh crore milestone; on track to become India's fourth most valuable company
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News18•12-10-2026, 15:26
Jio to reach Rs 10 lakh crore milestone; on track to become India's fourth most valuable company
- •Jio Platforms, the digital and telecommunications arm of Reliance Industries, is poised to enter the exclusive club of companies with a market cap over Rs 10 lakh crore ahead of its IPO.
- •The company is targeting a valuation of about Rs 10.30 lakh crore for its proposed IPO, aiming to raise around Rs 30,200 crore which could be India's largest-ever IPO.
- •As of March 2026, Jio Platforms had nearly 52.44 million subscribers, providing a massive distribution advantage across broadband, entertainment, and enterprise technology.
- •The proposed listing will provide public market investors with an opportunity to directly invest in one of India's largest digital businesses and unlock its value.
Key Questions Answered
Jio Platforms is targeting a valuation of about Rs 10.30 lakh crore for its proposed initial public offering. According to Bloomberg reports, the company is preparing to raise around Rs 30,200 crore through this offering, which could make it India's largest-ever IPO.
If Jio Platforms successfully lists at its targeted valuation, it will become the fourth listed company in India to cross the Rs 10 lakh crore market capitalization milestone. It will join an exclusive group that currently includes Reliance Industries, Bharti Airtel, and HDFC Bank.
Subscription for the Jio Platforms IPO is expected to open on October 21, though investors are still awaiting the official announcement of the final details and price band from the company.
