$6 billion IPO double dhamaka coming: Jio and NSE likely to file for India's biggest IPOs this week

Reliance Jio is expected to file draft papers for a $4 billion IPO with SEBI ahead of Reliance Industries' AGM on Friday, which would make it India's largest listing, surpassing Hyundai Motor India's $3.3 billion share sale. NSE is also likely to file its IPO papers this week, targeting $2-2.5 billion (over Rs 20,000 crore) through an offer for sale, implying a valuation near Rs 5 lakh crore. The filings come as 2026 IPO proceeds are down 39% year-on-year to Rs 198 billion amid a broader equity downturn, though they could help revive primary market sentiment.