Reliance Jio Platforms eyes $3.8B IPO later this year as NSE prepares listing
Reliance Jio Platforms is expected to pursue a public listing later this year, targeting roughly $3.8 billion in proceeds. The potential issue would rank among India’s largest share offerings, while NSE is set to launch an offer-for-sale valued near $46 billion.
What happened
NSE is set to launch an offer-for-sale IPO valued near $46 billion, while Reliance Jio Platforms is expected to list later this year and raise about $3.8
Key facts
- Reliance Jio Platforms IPO expected to raise about $3.8 billion
- NSE offer-for-sale valuation close to $46 billion
- Hyundai Motor India IPO raised ₹27,870 crore ($2.95 billion) in October 2024
- Paytm raised ₹18,300 crore in November 2021
- Tata Capital raised ₹15,500 crore in October 2025
What changed
NSE is set to launch an offer-for-sale IPO valued near $46 billion, while Reliance Jio Platforms is expected to list later this year and raise about $3.8 billion, potentially India’s largest-ever share offering.
Why this matters
Jio’s potential $3.8B IPO could increase public-market scrutiny of its subscriber growth, ARPU expansion and digital-services monetization ahead of a major India listing.
What to watch
- Draft red herring prospectus or formal board approval for a Jio Platforms listing
- Anchor-investor demand, indicated valuation range and issue-size revisions
- Quarterly ARPU, 5G monetization, fixed-broadband additions and enterprise revenue growth
- Evidence that Jio’s digital and commerce businesses improve margins or reduce customer-acquisition costs for Reliance Retail
- SEBI, exchange or competition-policy developments affecting telecom, data, payments or digital commerce