Jio IPO Likely in First Half of 2026: Mukesh Ambani at Reliance AGM 2025
On August 29, Reliance AGM 2025 chairman Mukesh Ambani said that the long-awaited Jio IPO would go to market in the first half of 2026. It is one of the most expected IPOs in the history of corporate India and may turn out to be the largest IPO in India following the LIC listing.
Ambani affirmed that Jio Platforms Limited is in the process of making an IPO (Initial Public Offering) application and that the IPO is to be listed under regulatory provisions. He promised investors that the Jio IPO will unlock huge value and will offer a once-in-a-generation opportunity to share in the story of the biggest digital transformation in India.
Jio IPO Highlights (As Announced at Reliance AGM 2025)
- Jio IPO Expected Timeline: First half of 2026
- Company: Jio Platforms Limited, subsidiary of Reliance Industries
- Business Segments: Telecom, 5G, broadband, digital platforms, AI, international expansion
- Subscribers: Over 500 million
- FY26 Q1 Financials: Net profit ₹7,110 crore (+25% YoY), revenue ₹41,054 crore (+19% YoY)
- ARPU: ₹208.8
- 5G Users: Over 200 million
- Home Broadband Connections: Over 20 million
Mukesh Ambani on Jio IPO
At the RIL AGM 2025, Mukesh Ambani stated:
“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. I am sure it will be a very attractive opportunity for all investors.”
Ambani highlighted five key growth priorities for Jio’s next phase:
- Connecting all Indians through mobile and home broadband.
- Providing digital services to households.
- Digitizing businesses with secure platforms.
- Expanding AI Everywhere for Everyone.
- Growing Jio’s presence internationally.
Jio’s Achievements and Milestones
Mukesh Ambani also highlighted five historic milestones that Jio has made:
- Unlimited free calls within India and shaking up the telecom sector.
- Enabling mobile phones to video-stream and transact.
- Establishing the Digital Public Infrastructure of India using Aadhaar, UPI and Jan Dhan and DBT.
- Helping to build the startup ecosystem in India, which is the 3rd largest in the world and has over 100 unicorns.
- The quickest 5G deployment in the world, which opens the door to an AI-based future.
Jio’s Financial Performance: Strong Pre-IPO Numbers
In Q1 FY26 (April–June 2025), Jio Platforms delivered robust performance:
- Net Profit: ₹7,110 crore (25% YoY growth)
- Revenue: ₹41,054 crore (19% YoY growth)
- ARPU: ₹208.8
- 5G Subscribers: Over 200 million
- Broadband Users: Exceeded 20 million
These strong fundamentals, combined with global tech investments from Meta Platforms (Facebook) and Alphabet Inc. (Google), make the Jio IPO 2026 one of the hottest IPOs to watch.
Jio IPO Significance: Why Investors Are Excited
The Jio IPO will be the first major listing of a Reliance business unit since Reliance Petroleum in 2006. Analysts expect the Jio IPO to:
- Unlock significant shareholder value for Reliance Industries.
- Attract both domestic and global institutional investors.
- Be one of the biggest tech IPOs in India.
- Strengthen India’s position as a global digital powerhouse.
Reliance Industries Share Price Post AGM
Despite the landmark announcement, Reliance share price fell by around ₹40 from the day’s high. Experts suggest this is a technical correction and not due to weak fundamentals.
VK Vijayakumar, Geojit Investments:
“The Jio IPO announcement is positive for long-term investors. RIL’s aim to double EBITDA by 2027 is a bullish signal.”
Rajesh Bhosale, Angel One:
“Reliance stock remains in a consolidation phase, with ₹1,320 acting as a strong support zone.”
The Jio IPO in 2026 will be a landmark event in Indian stock markets. With over 500 million subscribers, leadership in 5G, strong financials, and backing from global tech giants, Jio Platforms is poised to deliver massive value.
Investors should closely track updates on Jio IPO price band, subscription, allotment status, and listing date as the IPO filing approaches in the coming months.
For the latest updates on Jio IPO 2026, stay tuned to IPO Ji, your trusted source for IPO news, allotment status, GMP trends, and detailed IPO analysis.
