India’s Jio Lays Out Sovereign LEO Constellation Plan Ahead of IPO
Analysts say the offering could value Jio Platforms at $130 billion to $180 billion, making it India’s largest public issue.
- On Friday, June 19, 2026, Jio Platforms Limited approved its Draft Red Herring Prospectus for an initial public offering of up to 270 million equity shares, filing with India's market regulator.
- Reliance Industries Chairman Mukesh Ambani announced the filing at the 49th Annual General Meeting, stating that Isha Ambani, Anant Ambani, and Akash Ambani will lead the project.
- Analysts estimate the Jio IPO could reach a valuation of $130-180 billion, potentially rivaling the $3.3 billion share sale by Hyundai Motor India two years ago.
- On Thursday, the National Stock Exchange filed its own IPO papers, adding momentum to India's capital markets as investors closely watch both offerings after months of volatility.
- Jio has expanded beyond telecommunications into artificial intelligence and digital infrastructure since its 2016 launch, with Google International and Meta Platforms holding stakes and serving over 524 million subscribers.
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Space News
Los Angeles Weekly TimesIndia’s Jio lays out sovereign LEO constellation plan ahead of IPO
Jio Platforms, which owns India’s largest telco, is looking to lease broadband capacity from satellite constellations to jumpstart its own sovereign LEO network in the country. The post India’s Jio lays out sovereign LEO constellation plan ahead of IPO appeared first on SpaceNews.
Jio files for India's biggest IPO and a Starlink rival
At its annual shareholder meeting on Friday, Reliance unveiled two things at once: paperwork for what could be India’s biggest-ever stock-market listing, and a plan to put a Starlink rival into orbit. Jio Platforms, the digital and telecom arm of Mukesh Ambani’s Reliance Industries, filed draft papers for an initial public offering widely expected to […] This story continues at The Next Web
Not only the US can do mega-IPOs. In India, the market starts after a difficult first half of the year. And: Hope for peace in the Gulf – but investors should not look forward too soon.
SEBI Rule on IPO: According to the rule, the time starts counting from the day SEBI's observation letter is issued, and the company has to launch the IPO within a year.
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