Stories
Jio could become India's fourth company with Rs 10 lakh crore market cap
- •Jio Platforms' proposed IPO values the company at approximately Rs 10.30 lakh crore, pushing it close to the elite Rs 10 lakh crore club.
- •Upon listing, Jio will join Reliance Industries, Bharti Airtel, and HDFC Bank as the fourth Indian company to cross this massive valuation milestone.
- •According to reports, Jio is looking to raise around Rs 30,200 crore through the IPO, which could potentially become India's largest public offering to date.
- •With a customer base of over 52.44 crore, Jio has evolved from a telecom operator into a technology powerhouse spanning broadband, entertainment, and enterprise tech.
Key Questions Answered
Jio Platforms has pegged its proposed market capitalization at approximately Rs 10.30 lakh crore (or up to 10.3 trillion rupees) for its upcoming initial public offering. Upon listing at this valuation, Jio is expected to become the fourth company in India to cross the Rs 10 lakh crore market cap milestone.
According to reports, Jio Platforms is looking to raise around Rs 30,200 crore (302 billion rupees) through this IPO by offering shares at a price band ranging between Rs 1,065 and Rs 1,119 each. If this target is met, it is poised to surpass Hyundai Motor India's 2024 share sale to become India's largest-ever IPO.
Reports indicate that public subscription for the Jio IPO could open starting October 21, 2026, with the anchor book scheduled for October 19 and shares expected to begin trading by October 28. However, investors are still awaiting formal official announcements from the company regarding these final dates and details.
