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Business
Reliance to Launch Jio IPO on Oct 21, Targeting ₹36,000 Crore
✍️ Bhaskar English
🗓 05 Oct 2026, 11:35 PM
👁 18
Reliance Industries plans to launch the Jio IPO on 21 October, coinciding with Dashami. The offering is expected to raise about ₹36,000 crore, making it India's largest IPO to date.
Reliance Industries has announced that the Jio IPO will be launched on 21 October, aligning the offering with the Hindu festival of Dashami. The company aims to raise approximately ₹36,000 crore, a figure that would make it the largest initial public offering in India’s history.
The Jio IPO is part of Reliance’s broader strategy to monetize its telecom assets and diversify its capital base. Shares are expected to begin trading on the stock exchanges shortly after the announcement.
Analysts note that the timing of the IPO, set around a major festival, could influence investor sentiment and market participation. The company has not yet disclosed the exact number of shares or the pricing range for the offering.
The Jio IPO is part of Reliance’s broader strategy to monetize its telecom assets and diversify its capital base. Shares are expected to begin trading on the stock exchanges shortly after the announcement.
Analysts note that the timing of the IPO, set around a major festival, could influence investor sentiment and market participation. The company has not yet disclosed the exact number of shares or the pricing range for the offering.