Jio's IPO Expected In Early 2026, Projected To Raise Over ₹50,000 Crore

Reliance Industries Ltd. (RIL) Chairman and Managing Director Mukesh Ambani on Friday announced that the company plans to list Jio in the first half of 2026. Speaking at the 48th Annual General Meeting (AGM) of Reliance Industries, Ambani confirmed that preparations are underway for Jio's IPO, calling it a major investment opportunity.

"Today, it is my proud privilege to announce that Jio is making all arrangements to file for its IPO. We are targeting a listing by the first half of 2026, subject to all required approvals. I assure you this will prove that Jio has the potential to create value on par with global counterparts. I am confident this will be a very attractive opportunity for investors," Ambani said.

The IPO is expected to be one of the largest in India's market history, with potential fundraising of over ₹50,000 crore.

Jio Crosses 500 Million Subscribers

Ambani further highlighted that Jio has crossed the 500 million subscriber milestone.

"Just a week from now, Jio will step into its 10th year. I am proud to share that the Jio family has now surpassed 500 million customers," he noted.

He also said Jio's nationwide 5G rollout is the fastest in the world and has laid a strong foundation for the AI revolution in India.

"Jio made voice calls free across India. It enabled ordinary citizens to watch videos on mobile and carry out digital payments seamlessly. Jio also laid the foundation for India's Digital Public Infrastructure, including Aadhaar, UPI, Jan Dhan, and Direct Bank Transfers, thereby empowering a confident new generation. Jio facilitated the rise of the world's third-largest start-up ecosystem in India, which now has over 100 unicorns," Ambani added.