Reliance Jio Plans IPO by Mid-2026, Seeks Historic Market Debut

Reliance Industries Chairman Mukesh Ambani announced at the company's 48th Annual General Meeting that Jio will file for its initial public offering (IPO) with plans to list by the first half of 2026, pending necessary approvals. Ambani highlighted Jio's transformative role in India's telecom and digital sectors, including making voice calls free nationwide, driving widespread mobile video consumption and digital payments, and supporting key platforms like Aadhaar, UPI, and Jan Dhan. Jio's rapid 5G rollout, the fastest globally, is positioned as the foundation for India's AI revolution. The IPO is expected to unlock significant global-scale shareholder value and could become the largest in India's history, with estimates around Rs 52,000 crore, offering an exit opportunity for major investors like Meta and Google. Ambani also emphasized Reliance's broader strategic shift toward becoming a deep-tech company with AI-native operations poised for hyper-growth. Jio's financial performance remains strong, with FY 2024-25 revenues rising 17% year-on-year, underscoring the company's value creation and future potential.