Mumbai, India – December 5, 2025
Reliance Industries has officially kicked off the Jio Platforms IPO, starting work on the draft red herring prospectus (DRHP) today. The telecom giant, led by Mukesh Ambani, is targeting a massive $170 billion valuation and plans to raise up to $4.3 billion via just 2.5% dilution under new SEBI mega-cap rules.
With over 500 million subscribers and strong 5G growth, Jio is set to surpass LIC and Hyundai India to become the largest IPO in Indian history when it lists in the first half of 2026.
Banks have been informally engaged, and filing will happen as soon as SEBI rules are notified. The move will fuel Jio’s expansion in 5G, AI, broadband, and digital services.
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