Key facts
- Jio IPO expected to raise ₹35,000–₹40,000 crore
- Would be India's largest-ever IPO by size
- Reliance Jio has over 400 million telecom subscribers
- Filing confirmed by The Hindu; BBC also reported the development
The Hindu reports that Reliance Jio has officially filed for an IPO expected to raise between ₹35,000 crore and ₹40,000 crore, making it the largest share sale in Indian history. The filing confirms long-running market speculation that Mukesh Ambani's telecom giant would eventually tap public markets, and the sheer scale of the fundraise dwarfs most previous Indian listings.
Jio is India's largest telecom operator, boasting over 400 million subscribers since its disruptive free-data launch in 2016 upended the sector. The company has since expanded into broadband, streaming, fintech and enterprise services, making it one of the most diversified technology and connectivity businesses in the country.
The IPO is expected to draw intense interest from both retail investors and global institutional funds, given Jio's dominant market position and the scale of the offering. For everyday Indians, the listing represents an opportunity to own a stake in infrastructure they use daily — and sets a new benchmark for the ambition of Indian technology and telecom companies on public markets.