📷 Image: Wikimedia Commons / sushanta mohanta sin…
Business
Reliance to List Jio Shares on Oct 21, Targeting ₹36,000 Cr IPO – India’s Biggest Offering
✍️ bhaskarenglish.in
🗓 06 Oct 2026, 04:02 AM
👁 10
Reliance Industries will open its Jio IPO on October 21, coinciding with the Dashami festival, aiming to raise about ₹36,000 crore, the largest public offering in India.
Reliance Industries announced that it will file a draft prospectus for the Jio initial public offering on October 21, aligning the filing with the Hindu festival of Dashami. The move marks the telecom arm’s first step toward a public listing after years of rapid expansion.
The offering is slated to raise roughly ₹36,000 crore (about $430 billion), making it the largest IPO ever launched in the country. The size of the issue dwarfs previous record‑breakers and reflects investor appetite for the digital services business that powers Reliance’s Jio platform.
Analysts expect the Jio shares to debut on the Bombay Stock Exchange and National Stock Exchange within weeks of the filing, potentially reshaping market dynamics in the telecom and technology sectors. Institutional investors, both domestic and foreign, are reported to be lining up for allocations, while retail participation is also being encouraged.
If the IPO meets its target, the capital raised will be used to fund Jio’s next‑generation network rollout, content ventures and strategic acquisitions, further consolidating Reliance’s position in India’s digital ecosystem.
The offering is slated to raise roughly ₹36,000 crore (about $430 billion), making it the largest IPO ever launched in the country. The size of the issue dwarfs previous record‑breakers and reflects investor appetite for the digital services business that powers Reliance’s Jio platform.
Analysts expect the Jio shares to debut on the Bombay Stock Exchange and National Stock Exchange within weeks of the filing, potentially reshaping market dynamics in the telecom and technology sectors. Institutional investors, both domestic and foreign, are reported to be lining up for allocations, while retail participation is also being encouraged.
If the IPO meets its target, the capital raised will be used to fund Jio’s next‑generation network rollout, content ventures and strategic acquisitions, further consolidating Reliance’s position in India’s digital ecosystem.