Investors, be ready to buy Reliance Jio’s shares as it is going to launch its IPO soon. They have also appointed Wall Street and domestic banks to help with the IPO process.
Reliance Jio IPO DRHP
According to the source, the Jio IPO documents are almost ready, and the DRHP is likely to be submitted to the SEBI in the next 2–3 weeks. This filing helps investors check the end-of-December financials, operational strategy, risk factors, and much more.
Let’s take a closer look at the Jio IPO expected date & issue size & further details are given below.
Reliance Jio IPO Details
The company is expected to be valued between $100 billion and $120 billion. Jio’s IPO plan is to reduce around 2.5% stakes from the company. Therefore, this upcoming IPO might launch with a substantial portion of OFS (offer for sale).
According to sources, on Tuesday, Reliance Jio started preparations and selected around 17 banks for help with the process.
Globally, banks like Morgan Stanley, JPMorgan, Goldman Sachs, Citi, and HSBC will help with the IPO.
In India, Kotak Mahindra, Axis Capital, JM Financial, and SBI Capital Markets will provide advice and support, according to sources.
Reliance JIO IPO lead managers
Kotak Mahindra Capital and Morgan Stanley India are expected to lead the Jio IPO deal.
People from Reliance Industries and some of the banks either refused to comment or didn’t reply when asked.
Jio’s IPO plans got a push last week because the government made it easier for big companies to sell shares to the public.
Earlier, very large companies had to sell at least 5% of their shares to the public, and normally, companies sell 25%. Reliance was waiting for this government approval before going ahead with the IPO.
This rule change could be beneficial for mega companies like Jio, being public, as well as for the NSE (National Stock Exchange) IPO.
About Reliance Jio
Reliance Jio started in 2016 to give every Indian cheap and easy access to the internet and digital services. Today, it is well known as India’s biggest telecom company by providing services like mobile connections, high-speed internet, mobile devices, apps, and business solutions. Undoubtedly, Jio is a big company with a strong position in India, but the Indian stock market is becoming more cautious.
IPO market history
- India was the second-largest IPO market in the world in 2024, raising about ₹1.6 lakh crore from 300+ listings.
- This continued into 2025 with ₹1.95 lakh crore raised.
- But in 2026, things are slowing down because of geopolitical tensions and market worries, and IPOs are not performing as strongly.
Even though many IPOs have been launched, the average returns from 2026 IPOs have been very low, only about 0.3% across 45 listings as of 12 March.
