Reliance Jio Prepares For India IPO With 2.5% Stake Sale

Reliance Jio Platforms Ltd, India’s largest telecom and digital services provider, is preparing for its much-anticipated initial public offering (IPO). According to sources, the company is working with global investment bank Morgan Stanley and domestic advisor Kotak Mahindra Bank to draft its prospectus. Jio is keen to list a small portion of its equity, amounting to 2.5 percent, in 2026, subject to regulatory approvals.  

Key highlights from the announcement include 

• Reliance Jio is drafting its IPO prospectus with Morgan Stanley and Kotak Mahindra Bank.  
• The company plans to list only a 2.5 percent stake in India.  
• Regulatory changes are awaited to enable the limited stake sale.  
• The IPO is expected in 2026, marking Jio’s entry into public markets.  
• Listing a small stake allows Jio to raise funds while retaining strong promoter control.  
• Analysts note that the IPO could attract significant investor interest given Jio’s scale and market dominance.  
• The move aligns with Reliance’s broader strategy to unlock value across telecom and digital platforms.  

Reliance Jio’s IPO preparations signal a landmark moment for India’s capital markets. With its massive subscriber base and digital ecosystem, the offering is expected to generate strong demand, even with a limited stake on offer.  

Sources: Reuters, Economic Times, Business Standard