Digital services sector giant Jio Platforms Limited is likely to be listed on the stock market by the end of this month. According to sources, the venture value of the company could be around 143-146 billion dollars i.e. more than 12 lakh crore rupees. The proposed IPO of Jio Platforms is likely to be valued at around $3.8 billion. With this size, it could be India’s biggest ever public issue. According to banking and market sources, the company has completed its international roadshows in the US, Britain, Dubai, Hong Kong and Singapore. It can now file the final documents for the IPO with SEBI in the week starting October 12. Emails sent to Jio Platform (JPL) in this regard did not receive any response.

The valuation could be Rs 12 lakh crore

Sources say the initial valuation of the company is $143-146 billion, or at least Rs. 12 lakh crore is likely to be. The company may also organize an IPO roadshow in India. Besides, the bidding process for anchor investors before Dussehra and IPO opening after Dussehra is also likely before October 23. The company’s shares are expected to be listed by the end of October. The roadshow organized in the US, UK, Dubai, Hong Kong and Singapore was led by Akash Ambani, Managing Director, Jio Platforms and Chairman, Reliance Jio, and Isha Ambani, Executive Director, Reliance Retail Ventures Limited.

The company will issue 27 crore new issue

Sebi issued final comments on Jio Platform’s IPO on August 28. The company filed documents for the IPO in June. According to the draft documents, Jio Platform is planning to issue 27 crore new equity shares. This will be around 2.9 per cent of the post-issue equity. Jio Platforms has shown strong financial performance in FY 2025-26. The company’s net profit increased by 15 percent to Rs. 30,053 crore, while the annual revenue increased by 14.5 percent to Rs. 1,46,885 crores. Analysts at Nuwama Research estimate that Reliance Jio’s profits could grow at an annual rate of around 18 percent between fiscal 2025-26 to 2029-30.

Giants’ money is invested

Jio platforms include Reliance’s digital business, of which telecom services are the flagship. Its telecom unit Reliance Jio Infocomm has about 39.29 percent share of the Indian mobile market and has about 506 million mobile subscribers. The company had around 26.85 crore 5G customers as of June 2026. Moving beyond telecom, the company is now expanding into areas such as cloud, artificial intelligence and enterprise network services. Jio Platforms has already attracted several large global investors. In the year 2020, Meta raised Rs. 43,574 crore to buy a 9.99 percent stake, while Google paid Rs. 33,737 crore was bought 7.73 percent stake.

Apart from this, other investors including Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, Abu Dhabi Investment Authority, TPG, L Catterton, Intel Capital and Qualcomm Ventures together raised around Rs. 74,745 crore had been invested. According to the documents, Reliance Industries has about 66.4 percent stake in Jio Platforms, while Meta and Google have a combined stake of about 17.7 percent. The IPO of the Jio platform will be the Reliance Group’s first public issue since 2008. Additionally, this will also be the first IPO of any consumer-focused business of the group.