Reliance Jio to file IPO by first half of 2026: Mukesh Ambani

• 30 Aug 2025
• 430 Views

On 29 August 2025, the Chairman and Managing Director of Reliance Industries, Mukesh Ambani, confirmed that the telecom and digital giant Reliance Jio platforms will file for an Initial Public Offering (IPO) in the first half of 2026. At the 48th Annual General Meeting of Reliance Industries Ltd., Ambani said, “Today, it is my proud privilege to announce that Jio is making all arrangements to file for its IPO.”

He said,"We are aiming to list Jio by the first half of 2026, subject to all necessary approvals. I assure you that this will demonstrate that Jio is capable of creating the same quantum of value as our global counterparts. I am sure that it will be a very attractive opportunity for all investors." Additionally, Ambani shared that Jio will expand its operations abroad and come up with its very own AI technology.

Head of Fundamental Research at SBI Securities, Sunny Agrawal, believes that Jio is likely to be valued between the range $113 to 120 billion (Rs 10 - Rs. 10.50 lakh crore). Even at a 5 per cent dilution, the issue is likely to be around Rs 50,000 - Rs. 52,500 crore. This could make it the largest ever IPO in Indian history.

Reliance Jio crosses 500 million customers

During the event, Ambani mentioned that Jio is about to enter its 10th year and has crossed 500 million customers. He said, "Just a week from now, Jio will enter its 10th year. I am proud to share that the Jio family has crossed 500 million customers." 

Ambani gave credit to Jio for laying the foundation for India’s digital public infrastructure. He said, “Jio made voice calls free from anywhere to everywhere in India. It made watching videos on mobile phones a habit for millions of Indians. Jio laid the foundation for India’s digital public infrastructure, including initiatives such as Aadhaar and UPI. The company enabled the creation of India’s digital ecosystem.”

He added, “Jio helped build the world’s third-largest startup ecosystem in India, supporting over 100 unicorns.”

At the event, he also outlined the five priorities during the next phase of growth for Jio: (i) connecting every Indian via mobile and home broadband, (ii) equipping households with digital services, (iii) driving an “AI everywhere for everyone” push, (iv) digitizing businesses via secure platforms and (v) expanding operations in other countries.

Source: 

• Business Today

• Economic Times