Overseas roadshows conducted by Reliance Industries’ digital arm, Jio Platforms, across the US, UK, Dubai, Hong Kong and Singapore ahead of its proposed public listing have received an overwhelmingly positive response from investors.
The strong feedback has reinforced the company’s confidence in proceeding with the IPO despite ongoing market volatility. The company may also undertake additional roadshows across India.
Jio is expected to be listed by the end of October at an enterprise valuation of $143-146 billion (over ₹12 lakh crore), according to media reports. While businessline sources did not independently confirm the valuation, they indicated that the eventual pricing could be even higher than current estimates.
Notably, Jio did not disclose any offer-for-sale (OFS) component in its draft red herring prospectus (DRHP), suggesting that existing investors are not looking to dilute their holdings at the time of listing. The company’s marquee investors include Google, Meta and Silver Lake.
Jio Platforms DRHP filing soon, India’s largest IPO expected in first half of 2026
Jio’s listing is expected to be the largest IPO in Indian history, surpassing Hyundai Motor India’s ₹27,870-crore public issue in 2024.
In terms of market impact, analysts have previously indicated that even at a listing market capitalisation of ₹13-14 lakh crore, Jio would rank among the five most valuable listed companies in India. Beyond attracting significant investor interest, the listing is expected to support the company’s growth trajectory, which is already expanding at around 20 per cent annually.
At this pace, Jio’s market capitalisation could potentially reach ₹20 lakh crore within the next two to three years, bringing it on par with the current market value of its parent, Reliance Industries.
Published on October 4, 2026
