Reliance Industries' digital subsidiary, Jio Platforms Ltd, is reportedly finalizing details for its IPO, which could open for subscription on October 21, 2026. The proposed $3.8 billion offering is being positioned as India's largest IPO. The company is targeting a listing on October 28, subject to market conditions.
Jio Platforms has reportedly concluded global roadshows led by Managing Director Akash Ambani and Reliance Retail Executive Director Isha Ambani. The company received encouraging feedback from foreign and domestic institutional investors.
The IPO will consist entirely of fresh shares. A significant portion of the proceeds is intended to reduce debt at telecom subsidiary Reliance Jio Infocomm.
The offering follows Jio Platforms' receipt of final observations from the Securities and Exchange Board of India (SEBI) in late August, clearing the path for the IPO.