Reliance Jio is preparing for one of the biggest IPOs of the year, targeting a staggering valuation of $120 billion
Reliance Jio Infocomm Limited, a key arm of Mukesh Ambani’s Reliance Industries, is creating a buzz with its much-awaited IPO, poised to be India’s largest ever. Expected to outshine Hyundai Motor India’s ₹27,870 crore ($3.3 billion) IPO from October 2024, Jio’s listing is set to break records on Dalal Street while bolstering investor confidence in the Indian equity market.
IPO structure and timeline
Reliance Jio is reportedly gearing up for a ₹35,000-₹40,000 crore IPO, setting the stage for a landmark event in India’s capital markets. With a targeted valuation of ₹10 lakh crore ($120 billion), this IPO could redefine industry benchmarks. While official details remain undisclosed, media reports suggest a launch in the second half of 2025. The structure is expected to include a mix of a fresh issue and an offer-for-sale (OFS) by promoters and existing shareholders, alongside a pre-IPO placement for select investors.