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Jio Platforms IPO to Make Reliance Group India's Most Valuable Conglomerate
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News18•16-10-2026, 17:46
Jio Platforms IPO to Make Reliance Group India's Most Valuable Conglomerate
- •The Jio Platforms IPO will propel the Reliance Group past the Tata Group to become India's largest enterprise by total listed market capitalization.
- •With an estimated valuation of around Rs 10.3 lakh crore based on the upper price band, the group's total market value is set to reach Rs 28.3 lakh crore.
- •The IPO opens for subscription on October 21 and closes on October 23, aiming to raise Rs 30,213 crore by issuing 27 crore fresh shares.
- •Even after the public issue, Reliance Industries will retain a 64.41 percent stake in Jio Platforms valued at approximately Rs 6.6 lakh crore.
Key Questions Answered
Following the Jio Platforms IPO, the total listed market capitalization of the Reliance Group is expected to reach approximately Rs 28.3 lakh crore, which will propel it ahead of the Tata Group as India's most valuable business conglomerate.
The Jio Platforms IPO features a price band of Rs 1,065 to Rs 1,119 per share, involving the issuance of 27 crore fresh shares to raise up to Rs 30,213 crore. The public issue is set to open for subscription on October 21 and close on October 23.
Even after the IPO process is completed, Reliance Industries will retain a 64.41% stake in Jio Platforms. Based on the peak valuation of the IPO, this remaining stake held by Reliance will be worth approximately Rs 6.6 lakh crore.
