Reliance Jio IPO: This Reliance Group company could raise $4.5 billion by selling a 2.50% stake through the IPO, making it the country's largest IPO to date.

Reliance Jio IPO: Mukesh Ambani-led Reliance Jio is expected to launch its IPO in the first half of 2026. At the recent Reliance AGM, Chairman Mukesh Ambani outlined his plans to list the company's shares by June 2026. According to estimates from several investment bankers, Reliance Jio Platforms is valued between $130 billion and $170 billion.

What is the company's plan?

According to a Reuters report, this Reliance Group company could raise $4.5 billion through the IPO by selling its 2.50% stake. This could prove to be the country's largest IPO to date. Previously, Hyundai Motor India launched a $3.3 billion IPO in 2025, thus holding the record for the largest IPO ever.

According to information available on the Zerodha website, "At the 48th Reliance Industries AGM in August 2025, Mukesh Ambani formally announced that Jio was making all preparations to file for an IPO. He stated that the company plans to list Jio in the first half of 2026 after receiving all necessary regulatory approvals from Indian market authorities. Therefore, the Reliance Jio IPO is expected to hit the Indian primary market by June 2026." 

What is GMP?

Reliance Jio IPO GMP According to Bugle, the gray market premium (GMP) for the Reliance Jio IPO is currently ₹93 per share. This means that the company's shares are available in the gray market well before the DRHP filing. As previously reported, the company plans to sell a 2.50% stake through the IPO. Previously, market regulator SEBI had proposed reducing the minimum share sale size for large companies launching IPOs from 5% to 2.5%, which is currently subject to approval by the Finance Ministry. 

What will be the price band? 

Regarding the estimated price band of the Reliance Jio IPO, Abhinav Tiwari, Research Analyst at Bonanza, said, "Based on the company's stated valuation range of $130 billion to $170 billion and assuming a 15-20 percent discount for retail investors, the estimated Reliance Jio IPO share price for retail investors is likely to be between ₹1,048 and ₹1,457 per share, depending on the final valuation band."