Reliance Jio is expected to file draft papers for its much-awaited initial public offering (IPO) within the next few days, according to a report by the Financial Times. The move could mark a major milestone for India’s capital markets and pave the way for one of the country’s largest-ever public offerings.
According to the report, the Mukesh Ambani-led telecom giant is preparing to initiate the IPO process after years of speculation around a public listing. The company is reportedly targeting a valuation of more than $100 billion, which could make it one of the most valuable listed companies in India upon debut. Reuters also cited the Financial Times report, noting that the filing could happen within days.
Reliance Jio has emerged as India’s largest telecom operator by subscriber base since its launch in 2016, disrupting the industry through aggressive pricing, nationwide 4G expansion, and a rapidly growing digital ecosystem.
Over the years, Jio has expanded beyond telecom services into digital platforms, enterprise solutions, cloud services, connected devices, and content offerings, making it one of the key growth engines within Reliance Industries.
The anticipated IPO has long been viewed as a significant event for investors, given Jio’s scale, market leadership, and strategic importance within the Reliance group.
As of now, neither Reliance Industries nor Jio has formally announced an IPO filing. The reports are based on sources familiar with the matter, and the timeline could still be subject to regulatory approvals and market conditions.
