JIO IPO Launch Date: On Friday, billionaire Mukesh Ambani, the chairman of Reliance Industries (RIL), informed shareholders during the conglomerate’s Annual General Meeting (AGM) that the highly anticipated IPO of Reliance Jio, potentially the largest in the history of Dalal Street, is expected to be launched in the first half of 2026.
On Friday, Mukesh Ambani, the chairman of Reliance Industries (RIL) and a billionaire, informed shareholders during the conglomerate’s Annual General Meeting (AGM) that the highly anticipated initial public offering (IPO) of Reliance Jio, potentially the largest in the history of Dalal Street, is expected to occur in the first half of 2026.
I am honored to declare that Jio is preparing to submit its application for an IPO. Our objective is to have Jio listed by the first half of 2026, pending all required approvals,” Ambani stated to shareholders during the company’s AGM.
The Reliance Jio IPO has the potential to become the largest IPO in the history of Dalal Street, nearly twice the size of Hyundai India’s substantial public offering from the previous year.
According to previous reports, the anticipated size of the Jio Infocomm IPO is approximately Rs 52,000 crore. If this estimate holds true, it would mark the largest IPO ever in India, significantly exceeding Hyundai India’s IPO of Rs 28,000 crore by a considerable margin.
An initial public offering (IPO) would provide an exit strategy for prominent global investors such as Meta Platforms Inc. and Alphabet Inc.’s Google, both of which invested over $20 billion in Reliance’s digital venture in 2020. At that time, Jio Platforms, which encompasses Reliance’s digital and telecommunications assets, was valued at $58 billion.
Recently, the markets regulator Sebi suggested easing the listing regulations that have historically been viewed as an obstacle for large offerings by decreasing the required size of the mandatory offer from 5% to 2.5% for companies valued at over Rs 5 lakh crore.
According to the existing regulations, a mandatory float of 5% would have compelled Jio’s IPO to surpass $6 billion, a volume deemed excessively large for the Indian markets to accommodate.
Sebi’s suggestion to reduce the threshold to 2.5% would effectively halve the issue size to slightly more than $3 billion, rendering it significantly more manageable.
“A public offering of 5% would equate to over $6 billion in share supply, which is quite substantial for the Indian market to absorb, particularly since 35% is allocated for retail investors,” stated Citi analysts Saurabh Handa and Prerna Goenka. “Conversely, a 2.5% public offering for Jio would result in a share supply of over $3 billion, which we believe not only alleviates the supply overhang at the time of the IPO but may also mitigate concerns regarding hold-company discounts for RIL.”
