At the Reliance Industries Annual General Meeting (AGM) on August 29, 2025, Chairman Mukesh Ambani finally announced that Reliance Jio Platforms will be listed through an Initial Public Offering (IPO) in the first half of 2026. This is one of the most awaited listings in India, and experts believe it could become the biggest IPO ever in the country.
“It is my proud privilege to announce that Jio is making all arrangements to file for its IPO. We are aiming to list Jio by first half of 2026 subject to all necessary approvals,” Ambani told shareholders at the company’s AGM
The Size of the IPO
As per reports, Jio may raise nearly ₹52,000 crore from the IPO. This would make it much bigger than Hyundai India’s IPO, which recently raised around ₹28,000 crore. Analysts also expect that the IPO could value Jio at more than $100 billion, making it one of the most valuable digital companies in Asia.
Jio’s Strong Business Performance
Reliance Jio has already achieved over 500 million subscribers, becoming India’s largest telecom operator with more than 53% market share. In the first quarter of FY26, Jio posted a 24.9% jump in net profit to ₹7,110 crore, supported by strong 5G adoption. Its Average Revenue Per User (ARPU) has reached ₹208.8, showing steady improvement.
Apart from telecom, Jio has also expanded into broadband, OTT platforms like JioCinema, and digital services. These segments are expected to play a big role in attracting investors during the IPO.
Recently, Apple has officially partnered with Reliance Jio to roll out Rich Communication Services (RCS) on iPhones for Jio users. It allows iPhone users on Jio’s network to access advanced messaging features—high-res photos, videos, read receipts, and interactive chats—directly inside the phone’s default messaging app, all at no extra cost. Check full info here.
Why This IPO Matters
Global tech giants like Google and Meta had invested billions in Jio back in 2020. The IPO will give them a chance to partially exit and also allow new domestic and global investors to join India’s largest digital company. For Reliance, this move is part of its strategy to unlock value, increase transparency, and strengthen shareholder trust.
Ambani’s Future Roadmap
Mukesh Ambani highlighted five major goals for Jio’s growth:
- Universal mobile and broadband connectivity across India
- Digital services for every household
- Enterprise solutions for businesses
- Expanding use of Artificial Intelligence (AI)
- Taking Jio’s technology to international markets
Watch full 48th Annual General Meeting (AGM) of Reliance here:
Watch Live | The 48th Annual General Meeting of Reliance Industries Limited. https://t.co/juxqtjnilp
— Reliance Industries Limited (@RIL_Updates) August 29, 2025
Market Reaction
Despite the excitement, Reliance shares fell around 2% on AGM day, showing that investors are cautious until they see actual progress. However, analysts believe this IPO will be a long-term game changer for the Indian market.
Reliance partners with Meta and Google to launch Reliance Intelligence.
Conclusion
Reliance Jio’s IPO in 2026 will be more than just a listing—it will mark a new chapter in India’s digital economy. With strong financials, over half a billion customers, and a clear growth roadmap, Jio is set to create history when it enters Dalal Street.
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