Stories
Jio Platforms set for Rs 10 lakh crore valuation ahead of mega IPO
N
News18•12-10-2026, 15:31
Jio Platforms set for Rs 10 lakh crore valuation ahead of mega IPO
- •Reliance Industries digital and telecom arm Jio Platforms is poised to enter the elite Rs 10 lakh crore market capitalization club.
- •The upcoming public offering is anticipated to be India's largest IPO, targeting a valuation of around Rs 10.30 lakh crore.
- •Jio has grown from a telecom disrupter into a massive digital ecosystem with over 52.44 crore subscribers as of March 2026.
- •The IPO will allow investors to evaluate Jio directly instead of viewing it solely through the diversified portfolio of Reliance Industries.
Key Questions Answered
Jio Platforms is targeting a valuation of approximately Rs 10.30 lakh crore for its proposed initial public offering. If listed at this valuation, it will join Reliance Industries, Bharti Airtel, and HDFC Bank as the fourth Indian company to cross the Rs 10 lakh crore market capitalization threshold.
Jio Platforms has reportedly set its IPO price band at Rs 1,065 to Rs 1,119 per share. Public subscription is expected to open on October 21, with the anchor book starting on October 19 and shares beginning to trade on October 28.
Ahead of the IPO, Jio Platforms lowered its net leverage ratio to 0.36x in FY26, down from 0.71x in FY25 and 0.88x in FY24. This reduced leverage significantly enhances the company's financial flexibility.
