This is the big one. Reliance is officially moving on the Jio Platforms IPO. We’re talking about what’s expected to be India’s biggest listing ever.
Read More: New plan for millions of Jio users, SIM will remain active for 365 days
The work has started on the initial draft prospectus. RIL is speaking informally with banks right now—that’s how these things begin—getting the paperwork ready to file with the regulator as fast as they can.
Read More: New plan for millions of Jio users, SIM will remain active for 365 days
Here’s the thing: they are waiting for SEBI.
The Valuation and the New Rules
This whole move is timed to a regulatory change.
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The Market Cap is Insane: Bankers are throwing around a valuation of up to $170 billion for Jio. Let’s be real, that blows past rival Bharti Airtel, which is valued at about $140 billion.
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The Listing Rule is the Key: SEBI has already approved lowering the minimum dilution rule for massive companies. For issuers with a market cap over ₹5 trillion ($55 billion)—and Jio is way over that—they could dilute as little as 2.5% of the equity.
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The Cash Follows: That new rule happened. And then the calculation followed: at the top valuation of $170 billion, even with minimum dilution, Jio could still raise around $4.3 billion.
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The Old Record: That number, $4.3 billion, it easily smashes India’s biggest IPO to date, which was Hyundai Motor India Ltd. raising $3.3 billion last year.
Right now, the timeline Ambani set is still the first half of 2026. The formal appointment of bankers and the prospectus filing, that’s all waiting for those new SEBI rules to actually hit the books. Deliberations are ongoing, which is the corporate way of saying, don’t engrave the date yet. But the process? It’s officially underway.
end. . .
Read More: New plan for millions of Jio users, SIM will remain active for 365 days
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