Mumbai, India, August 30, 2025
In a much-anticipated announcement, Jio Platforms, the digital arm of Reliance Industries, is gearing up for a mega IPO, with the company preparing for a stock market listing in the first half of 2026. The news, confirmed by Reliance Chairman Mukesh Ambani at the company’s annual general meeting, sets the stage for what is expected to be India’s largest-ever IPO.
Key Headlines
* A New Milestone: Mukesh Ambani confirmed that Jio Platforms is making arrangements to file for its IPO, with a target date of the first half of 2026.
* A Record-Breaking Listing: Analysts predict the listing will surpass all previous records, with a valuation that could top $100 billion.
* Fueling a Digital Revolution: The IPO is expected to fund Jio’s ambitious plans to expand its services, including a push into AI and a global expansion.
* Unlocking Value: The move is expected to unlock significant value for Reliance shareholders and provide an exit for early investors like Meta and Google.
The IPO, which has been the subject of speculation for years, is a major strategic move for Reliance. At the company’s 48th Annual General Meeting, Ambani stated, “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 the first half of 2026, subject to all necessary approvals.” The announcement signals the company’s confidence in its growth trajectory and its ability to compete on a global scale.
Jio Platforms, which includes Reliance Jio Infocomm, has an impressive user base of over 500 million subscribers, making it the second-largest telecom operator in the world. The company’s strong financial performance, with an annual revenue of Rs 1,28,218 crore in the fiscal year 2024-25, has bolstered its case for a high valuation.
The IPO is also seen as a way to unlock the value of Jio Platforms, which is currently a subsidiary of Reliance Industries. A separate listing will give the company an independent valuation, which analysts estimate could fall between $111 billion and $154 billion. The proposed listing is also made more feasible by new market regulations that allow companies with a high market capitalization to float a smaller portion of their equity.
The funds raised from the IPO will be used to fuel Jio’s next phase of growth, which includes a focus on AI, smart devices, and the expansion of its digital ecosystem. Ambani also announced that Jio will expand its operations outside of India, taking its homegrown technology to the rest of the world. This ambitious vision for the future, backed by a monumental IPO, shows that Jio is determined to not just lead India’s digital future but to play a significant role on the global stage.
