Reliance Jio IPO

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Reliance Jio IPO details

IPO date

To be announced

Listing date

–

Price range

–

Issue size

–

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About Reliance Jio

About

Reliance Jio Platforms, the digital and telecom arm of Reliance Industries, is preparing for a landmark IPO, targeted for the first half of 2026, with analysts and bankers discussing valuations that could reach approximately 130 -170 billion $. Reliance Jio Platforms houses Reliance’s telecom business (Reliance Jio Infocomm) and a broader digital ecosystem that includes high-speed mobile services, home broadband, and digital apps. The company has crossed 50 crores users and commands the largest revenue market share in India’s mobile market, putting it ahead of or on par with its main listed peer, Bharti Airtel.

Jio has been credited with transforming India’s telecom landscape by offering low-cost data, free voice calls, and enabling mass adoption of streaming, digital payments, and online services. Strategic investments from global technology giants such as Meta Platforms and Alphabet (Google) have further strengthened its balance sheet and global positioning.

IPO announcement and timing

At the 48th Reliance Industries AGM in August 2025, Mukesh Ambani formally announced that Jio is making all arrangements to file for an IPO. He stated that the company is aiming to list Jio in the first half of 2026, subject to all necessary regulatory approvals from Indian market authorities.

Media coverage describes this share sale as potentially the largest IPO in Indian history and the first major listing from the Reliance group since Reliance Petroleum’s offering in 2006. Reports also indicate that Reliance has begun detailed discussions with investment banks to structure the issue and finalise syndicate roles.

Indicative valuation, size and structure

Investment bankers and market reports suggest a proposed valuation range of roughly 130 -170 billion $ for Jio Platforms, which would place it among the top two or three listed companies in India by market capitalisation. At the higher end of that range, Jio’s market value would surpass that of Bharti Airtel and sit just below Reliance Industries itself.

Business performance and future plans

Reports highlight that Jio’s average revenue per user has risen significantly following tariff hikes, and its revenue market share in the Indian telecom industry is above 40%, reflecting strong monetisation of its large subscriber base. The business is positioned as a “digital platform” rather than just a telecom operator, spanning connectivity, content, cloud, and enterprise digitisation. Mukesh Ambani has outlined several future priorities: connecting every Indian through mobile and fibre broadband, expanding digital services into homes, digitising businesses with secure platforms, driving an “AI everywhere for everyone” strategy, and expanding Jio’s footprint in overseas markets. AGM coverage also emphasises continued partnerships with Meta and Google and a broader push into AI and cloud to support India’s digital economy.

Key Facts Table

Aspect	Key points (from media coverage)
Business profile	India’s largest telecom and digital platform with 500m+ users and leading revenue share in the mobile market.
IPO timing	Filing and listing targeted for the first half of 2026, subject to regulatory approvals.
Indicative valuation	Banker and analyst estimates range roughly 130–170 billion dollars, making it one of India’s most valuable listed firms.
Likely issue size	Earlier talk of >6 billion dollars; under new rules, a float nearer 4–4.5 billion dollars with about 2.5% dilution is being discussed.
Strategic investors	Reliance Industries holds around two-thirds, with Meta and Google among notable minority shareholders.
Growth priorities	Network expansion, AI-focused services, home broadband, enterprise digitisation and selective international expansion.