Reliance Jio

Reliance Jio Platforms, the telecom arm of Reliance Industries, is launching its largest IPO in India—an offering of ~302 bn rupees (≈$4.3 bn). The public subscription opened on Oct 22, 2026, with a maximum bid price of 1,119 rupees ($11.79) per share. After the sale, the company will have about 9.21 bn shares outstanding, valuing it at roughly 10.3 trn rupees ($106 bn). Crypto traders on Bitget have been pricing the pre‑IPO JIO perpetual contract (JIOUSDT) between $11.48 and $12.24, with a current price near $12 per share. The contract, launched Oct 14, has traded about 369,000 JIO (~$4.4 m volume) and represents a 3.8% premium to the $106 bn upper price band, implying a valuation of $110 bn for the company. Jio’s network, launched in 2016, is now India’s largest mobile operator by subscriber count. Mukesh Ambani owns Reliance Jio· Entity summary generated by Graphiti