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Reliance to Surpass Tata as India's Most Valuable Business Group with Jio IPO
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News18•16-10-2026, 18:59
Reliance to Surpass Tata as India's Most Valuable Business Group with Jio IPO
- •The proposed IPO of Reliance group's Jio Platforms could make Reliance the country's most valuable business group by surpassing the Tata group.
- •Prominent banker Uday Kotak highlighted that the combined market capitalization of Reliance's listed entities will exceed that of the Tata group after the listing.
- •With the maximum share price set at Rs 1,119, Jio Platforms is estimated to have a valuation of Rs 10.3 lakh crore.
- •The IPO will open on October 21 and close on October 23, aiming to raise approximately Rs 30,213 crore through 27 crore new shares.
- •Even after the IPO, Reliance Industries will retain a 64.41 percent stake in Jio Platforms.
Key Questions Answered
The Jio Platforms IPO will open on October 21 and close on October 23, with the price band per share set between Rs 1,065 and Rs 1,119. The public issue will involve issuing 27 crore new shares to raise approximately Rs 30,213 crore.
Following the listing of Jio Platforms, the combined market capitalization of the Reliance group is projected to reach nearly Rs 28.3 lakh crore. This valuation would allow Reliance to surpass the Tata group and become the country's most valuable business group.
Even after the completion of the IPO, Reliance Industries will retain a substantial 64.41 percent stake in Jio Platforms. At the maximum IPO price, this remaining stake is valued at approximately Rs 6.6 lakh crore.
