Jio files DRHP for India's largest-ever IPO at ₹11-12 Lakh Cr valuation

Reliance Jio's 270 Mn share, ₹37,700 Cr raise sets a value-discovery benchmark that will reprice Reliance Retail and the wider digital stack. Alongside Razorpay's $600 Mn filing, Nykaa's $5 Bn FY30 GMV roadmap and BRND.ME's plans, India's 2026 consumer-tech IPO pipeline is taking shape.

— Source publishedMon, 22 Jun, 2026, 06:00 IST·First seen Mon, 22 Jun, 2026, 06:01 IST·Source Inc42

What happened

Reliance Jio · Jio files DRHP for India's largest-ever IPO at ₹11-12 Lakh Cr valuation, creating value-discovery benchmark for Reliance Retail and digital

Key facts

  • 270 Mn shares
  • ₹37,700 Cr raise
  • ₹11-12 Lakh Cr valuation
  • 524.4 Mn subscribers
  • $3.5 Bn IPO market 2026
  • Razorpay $600 Mn IPO
  • Nykaa ₹301.30 high
  • Nykaa $5 Bn GMV FY30 target

Why this matters

The DRHP filing opens a value-discovery window to accelerate carve-outs, strategic stakes, and pre-IPO partnerships across payments, beauty, and digital commerce assets.

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