TL;DR
Jio Platforms (Reliance Industries’ telecom arm) and the National Stock Exchange (NSE) are reportedly set to file their Draft Red Herring Prospectuses (DRHPs) with SEBI as early as next week. Both the companies are kicking off India’s biggest IPO season ever in 2026.
India’s IPO Market Is About to Get Electrified
India’s primary market has been quietly building steam, and next week could be the spark that set its ablaze.
According to people familiar with the matter, it is most likely that both Jio Platforms and the NSE IPO DRHP Filing with SEBI are due in the coming days.
The development came after a wave of US IPO hype globally. Also the Indian markets positioned themselves strongly to capture a significant share of investor appetite in the second half of 2026.
What is the Jio IPO: Key Details Explained
The telecom arm of billionaire Mukesh Ambani’s Reliance Industries, Jio is preparing to launch what could be India’s most awaited and largest ever IPO.
Ambani had formally confirmed the listing at Reliance’s 48th AGM in August 2025, stating: “Jio is making all arrangements to file for its IPO. We are aiming to list Jio by the first half of 2026 , subject to all necessary approvals. (Investing)
Here are the key details the investors are watching:
Parameter | Current Status |
JIO DRHP Filing | Expected within 7–15 days (June 20–25, 2026) |
IPO Size | ₹ 35,000–₹ 50,000 crore ($4–6 billion) |
Valuation | $100–120 billion (₹8.3–10 lakh crore) |
Float Percentage | 2.5% (new SEBI rule) |
Offer Structure | Largely secondary sale (OFS) |
What’s Behind The Delay?
The factors that push the timeline:
Geopolitical Volatility: In March 2026, it triggered FII caution.
Internal Valuation Target: Jio Seeking $100B +anchor retail sentiment.
Regulatory Clarity on 2.5% float rule notified in January 2026.
NSE IPO: Timeline and Details
January 29-30, 2026: SEBI formally issued a No Objection Certificate (NoC) to NSE, ending nearly a decade of regulatory uncertainty linked to the co-location and dark fibre cases.
February 6, 2026: NSE’s board officially approved the IPO plan, a 100% OFS with ~4-4.5% stake dilution. Key sellers include LIC (10.72%), Temask (4.5%), and SBI (3.2%).
April 2026: NSE engaged ~20 investment banks and multiple legal advisers to begin format DRHP preparation, targeting a June-July 2026 filing window.
May 4, 2026: Business Standard reported NSE asked its bankers to expedite NSE IPO June 2026 DRHP filing by June 15.
June 2026 (Current): NSE has begun the OFS process, asking shareholders to indicate participation, and is targeting DRHP filing this week, at an implied valuation of up to ₹6 trillion (~$70 billion).
Buy Unlisted NSE Shares Here.
Updated Key NSE IPO Numbers 2026
Parameter | Details |
IPO Structure | 100% Offer for Sale (OFS) |
Stake Dilution | ~4–4.5% |
Expected IPO Size | ~$1.5B–$2.5B (₹21,000–₹23,000 crore) |
Implied Valuation | Up to ₹6 trillion (~$70B) |
NSE IPO June 2026 DRHP Filing Target | By June 15, 2026 (this week) |
Target Listing | Q3 FY27-before December 2026 |
IPO size is yet to be declared.
Also Read: NSE IPO 2026 Unlisted Share Price Up 15%
Market Outlook: Is 2026 India’s Mega IPO Year?
Yes, and this is the start. Let us read the reasons why:
Total IPOs expected in 2026: $25 billion across 15+ companies.
Mega listings: Jio, NSE, Flipkart, PhonePe, Zepto
Why Should Investors Be Bullish?
NSE’s profitability is unmatched: 28-30% EBITDA margin, zero debt
Jio’s subscriber base is 50 crore which is larger than US+UK+France combined
Regulatory Clarity on 2.5% float removes uncertainty
Global IPO momentum from US mega-listings creates risk on sentiment
Read SEBI approval, read the DRHP and assess valuation Vs peers.
Conclusion
The final countdown, NSE IPO DRHP filing is expected Monday, June 15. Jio’s DRHP is imminent within 7-15 days with a definitive date coming from RIL AGM on June 19, 2026
FAQs
When will the NSE IPO open for subscription?
NSE is targeting DRHP filing by June 15, 2026. The IPO could open August-September 2026.
When will the Jio IPO Open?
Jio DRHP is expected June 20-25, 2026. SEBI review will take 75 days. IPO opens in August-October 2026.
What is the Jio IPO expected price band?
The price band is not yet announced. The unlisted trading is at ₹850-₹950.
Is the Jio IPO fresh issue or offer for sale?
Jio IPO is largely for OFS by existing investors, with minimal fresh capital raise.
What is the NSE IPO structure?
100% Offer for Sale, no fresh capital. Sellers: LIC (10.72%), Temasek (4.5%), SBI (3.2%), Canada Pension, Chrys Capital.
