In a landmark announcement at the 48th Annual General Meeting (AGM) of Reliance Industries Ltd (RIL), Chairman Mukesh Ambani confirmed that Reliance Jio is preparing to launch its Initial Public Offering (IPO) in the first half of 2026. This highly anticipated move, subject to regulatory approvals, is expected to be one of the largest in India’s corporate history, potentially unlocking significant value for shareholders and providing a direct investment opportunity in the country’s digital future.
The announcement is underpinned by strong financial performance, with Jio reporting a revenue of ₹1.28 lakh crore and an EBITDA of ₹64,170 crore for the fiscal year ending March 2025 (FY25). With a subscriber base that has now surpassed 500 million, the company is positioned as a dominant force in the telecommunications and digital services sector. The IPO’s strategic rationale is to fuel Jio’s next phase of growth, which includes an ambitious push into “AI everywhere for everyone,” smart home solutions, enterprise digitization, and global expansion.
While the news was largely priced in by the market, RIL’s shares saw a slight dip following the AGM. However, analysts believe that the IPO will be a “very attractive opportunity for all investors” as it offers a direct stake in a company at the forefront of India’s digital transformation. This move further aligns with RIL’s long-term strategy of shifting its core focus from hydrocarbons to its high-growth digital and retail businesses.
Key Highlights:
- Reliance Jio is preparing for its IPO, with a target listing in the first half of 2026, contingent on regulatory approvals.
- The IPO is expected to be one of India’s largest, potentially raising funds to fuel Jio’s next phase of growth in areas like AI, smart home, and enterprise solutions.
- The announcement is backed by strong financial results for FY25, with Jio reporting a revenue of ₹1.28 lakh crore and an EBITDA of ₹64,170 crore.
- This strategic move is aimed at unlocking value for RIL shareholders and providing a direct investment opportunity in India’s leading digital services provider.