Reliance's Jio files DRHP for end-2026 IPO; Jefferies, Nomura, Motilal see up to 28% upside
At Reliance's 49th AGM the board approved Jio Platforms' IPO, with DRHP filed at SEBI targeting an end-2026 listing (270M shares, 2.9% dilution, Rs 11-12 trillion valuation). Brokerages stay bullish—Jefferies Rs 1,675 (28%), Motilal Rs 1,655 (~26%), Nomura Rs 1,640 (23.5%)—citing retail manufacturing/export push and consumer brands scaling.
At Reliance's 49th AGM, board approved Jio IPO DRHP filed with SEBI, targeting end-2026 listing. Brokerages Jefferies, Nomura, Motilal stay bullish with up to 28% upside, citing retail manufacturing/export push and consumer brands scaling.