Reliance Jio IPO 2026: Ambani Plans India’s Largest-Ever $4.5 Billion Listing

Reliance is finally ready to trigger the “big one.” As of Saturday, January 10, 2026, new reports confirm that Jio Platforms is prepping for a late 2026 IPO that could potentially raise over 4.5 billion (approx. ₹37,500 crore).

The thing is, this would officially make it the largest IPO in Indian history, easily knocking Hyundai Motor India  ($3.3 billion) off the top spot. Or nothing. Let’s be real, when Mukesh Ambani says it’s time to list, the entire market stops to watch. Those too.

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The “Jio Mega IPO” Log: Field Notes

It’s an ongoing situation where Reliance is waiting for one specific regulatory green light before they pull the trigger.

• The 2.5% Strategy: Reliance wants to float just 2.5% of the company. The thing is, current SEBI rules usually require a 5% minimum for large companies. SEBI has proposed dropping that to 2.5%, and the Finance Ministry is currently sitting on the final approval. And here’s the kicker—if that rule passes, Jio can list without flooding the market with too many shares at once.

• The Valuation Surge: Jefferies just pegged Jio’s valuation at a massive 180 billion. To put that in perspective, that’s double what Google and Meta valued it at back in 2020. The thing is, some bankers are even whispering about a 200 billion+ target if the 5G and AI “deep-tech” narrative holds up.

• The Timeline: Ambani officially confirmed at the August 2025 AGM that Jio would list in the first half of 2026. Sources say Morgan Stanley and Kotak are already in the “back room” drafting the papers.

• The Starlink Factor: Jio is racing to list before Elon Musk’s Starlink officially lands in India. The thing is, having a public valuation helps Jio “lock horns” with Musk more effectively in the satellite internet space.

• Early Investor Exit: Massive names like KKR, Silver Lake, and ADIA have been holding their stakes for years. The IPO is their “big exit” ticket.

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India’s IPO Hall of Fame: The New Leaderboard?

[Table: Largest Ever Indian Listings]

And Here’s the Kicker…

Market analysts are predicting that the Jio IPO will cause a massive “re-rating” of Bharti Airtel. The thing is, once Jio has a public price tag, Airtel’s stock usually moves in sync. Jefferies has already raised its target for Airtel to ₹2,760 in anticipation.

It’s an ongoing situation where the “grey market” is already buzzing, with unofficial premiums (GMP) for Jio shares reportedly quoting around ₹93 per share even before the DRHP is filed. If you’ve been waiting for a reason to refresh your demat account, this is probably it.

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