Jio’s Giant Leap: Bankers Peg Valuation At $170 Billion Ahead Of Mega IPO

Jio’s IPO buzz intensifies  
Jio Platforms Ltd., the digital arm of Reliance Industries, is gearing up for what could be a record-breaking initial public offering. Investment bankers involved in the process have proposed a valuation ranging from $130 billion to $170 billion, with the higher end placing Jio among India’s most valuable companies.

Key highlights:

• The proposed $170 billion valuation would position Jio ahead of Bharti Airtel and just behind Reliance Industries itself  
• Jio’s IPO would be Reliance’s first major public listing since Reliance Petroleum’s debut in 2006  
• The company reported a 13 percent rise in net profit for Q2 FY26, reaching ₹7,379 crore  
• Revenue from operations rose 15 percent to ₹36,332 crore, driven by increased data usage and subscriber growth  
• Talks with bankers are ongoing, and the final valuation will depend on market conditions and investor appetite  

Strategic implications  
A successful IPO at this scale would not only unlock massive capital for Reliance’s digital ambitions but also reshape India’s tech and telecom landscape. It reflects investor confidence in Jio’s integrated digital ecosystem spanning telecom, OTT, fintech, and enterprise solutions.

Sources: Livemint, Business Today, The Hindu Business Line, Business Standard