Shares of Reliance Industries Limited (RIL) closed over 1% higher on Monday, June 22, 2026, following the news that its telecom arm, Reliance Jio, has filed for an initial public offering (IPO). The stock rose 1.2% to settle at Rs 2,654.50 on the BSE, giving the company a market valuation of Rs 17,95,158.92 crore.
Market Valuation Surges
The market capitalisation of Reliance Industries jumped by Rs 23,275.96 crore in a single trading session, reflecting investor optimism about the Jio IPO. The filing marks a significant milestone for Jio, which has disrupted the Indian telecom sector since its launch in 2016.
Details of the IPO Filing
Reliance Jio Infocomm Limited filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Monday. According to sources, the IPO is expected to be one of the largest in Indian history, with estimates suggesting a size of over Rs 50,000 crore. The company plans to use the proceeds for debt reduction and network expansion.
Analyst Reactions
Market analysts reacted positively to the development. "The Jio IPO is a game-changer for Reliance Industries," said an analyst at a leading brokerage. "It unlocks value for shareholders and provides a clear path for Jio's future growth." Another analyst noted that the IPO would help Jio reduce its debt burden and invest in 5G and fiber-to-the-home services.
Impact on Reliance Industries
The stock has been on an upward trajectory in recent weeks, buoyed by expectations of the IPO and strong performance in its retail and energy businesses. Reliance Industries' market cap now stands at over Rs 17.95 lakh crore, making it the most valuable company in India by market capitalisation.
Broader Market Context
The broader market also ended higher on Monday, with the BSE Sensex gaining 0.8% to close at 72,456 points. Reliance Industries was among the top contributors to the index's gains.
