Reliance Jio Aims for IPO by June 2026, Unlocking Shareholder Value

Reliance Industries' billionaire chairman, Mukesh Ambani, aims to take India's largest wireless carrier, Reliance Jio, public by June 2026. The initial public offering (IPO) would be the company's first major business unit listing since 2006. Jio has nearly 500 million subscribers and has received over $20 billion from global tech giants like Meta and Google.

Mukesh Ambani, the billionaire chairman of Reliance Industries (RIL), has announced that Reliance Jio will file for an Initial Public Offering (IPO) in the first half of 2026. This IPO marks a significant milestone for India's telecom industry, as it is expected to be one of the largest in the history of Dalal Street [1].

Jio, which has nearly 500 million subscribers, has received substantial investments from global tech giants such as Meta Platforms Inc. and Alphabet Inc.'s Google, totaling over $20 billion in 2020 [2]. The IPO aims to unlock global investor value and provide an exit option for marquee investors [1].

The IPO is anticipated to be around Rs 52,000 crore, which would be the largest in India and nearly double the size of Hyundai India’s public issue last year [1]. This significant funding could propel Jio's digital and telecom assets to new heights, as the company aims to take its services global [3].

Mukesh Ambani highlighted Jio's achievements since its launch in 2016, including ending India's digital poverty and transforming mobile services. Jio has also played a pivotal role in India's digital infrastructure development, including the rollout of 5G networks [3].

The IPO is subject to necessary approvals, and the markets regulator, Sebi, has proposed to relax listing rules to facilitate mega offerings by reducing the mandatory offer size from 5% to 2.5% for companies valued at more than Rs 5 lakh crore [1].

Investors and financial professionals are closely monitoring the developments surrounding Jio's IPO, as it promises to be a major event in the Indian market. The IPO will provide insights into the valuation of Jio and its potential for growth in the future.

References:
[1] https://economictimes.indiatimes.com/markets/ipos/fpos/mukesh-ambani-announces-reliance-jio-ipo-by-first-half-of-2026/articleshow/123581304.cms
[2] https://www.ainvest.com/news/jim-cramer-advises-kodiak-sciences-recommends-oklo-carrier-global-2508/
[3] https://m.economictimes.com/industry/media/entertainment/reliance-agm-2025-jio-ipo-telecom-business-mukesh-ambani-akash-ambani-ott-business-jiocinema-digital-strategy-jiostar-nita-ambani/articleshow/123580933.cms