Reliance Jio is the world’s second largest mobile operator following China Mobile, with over 53 crore subscribers as of June 2026.
| Photo Credit: ANUSHREE FADNAVIS
Jio Platforms, the holding company of Reliance Industries’ fintech, digital and telecom companies, received the market regulator nod to proceed with the Initial Public Offering (IPO) going by an exchange filing released August 28.The IPO is expected to raise ₹37,700 crore from the market in what might be the largest ever in India in terms of issue size, according to market officials. Jio will issue 27 crore new equity shares, the officials said, adding that the date and price band of the equity issue is yet to be announced. The IPO stands with the yet-to-be announced National Stock Exchange (NSE)Announcing the development, RIL said :“Please note that Jio Platforms Limited (JPL), subsidiary of the Company, has today, i.e., August 28, 2026, received the observation letter on the Draft Red Herring Prospectus (“DRHP”) filed for its proposed Initial Public Offer from the Securities and Exchange Board of India.”This will be the second Jio brand under the oil to cola conglomerate to raise capital from the market, after Jio Financial Services.Reliance Jio is the world’s second largest mobile operator following China Mobile, with over 53 crore subscribers as of June 2026.The IPO comes in the backdrop of a market with dull returns where most of the promoters have resorted to trimming issue sizes to ensure successful listing. Moreover, the market had few IPOs until July 2026. The expected listing of Jio Platforms and NSE are expected to be a shot in the arm of the Indian market. Published - August 28, 2026 09:26 pm IST
