Reliance Industries’ digital arm, Jio Platforms Ltd (JPL), is gearing up for one of India’s biggest IPOs yet. Chairman Mukesh Ambani confirmed during the company’s 48th Annual General Meeting that Jio is preparing to go public by the first half of 2026, pending all regulatory approvals. “We are making all arrangements to file for IPO,” Ambani said. Industry insiders say Jio could be eyeing a valuation of $120 billion or more, with an IPO size between $8–10 billion.
The upcoming listing is expected to intensify the rivalry between Jio and Bharti Airtel, currently valued at $122 billion on the BSE. The move will directly pit the two telecom giants against each other in the public markets. Despite the announcement, investor sentiment was cautious. Shares of Reliance Industries dipped 2.2% on Friday, closing at ₹1,356.
Investment bankers are closely watching the developments. While no formal pitches have been invited yet, market players expect action to pick up in the next quarter. “This could be one of the largest private sector IPOs India has seen,” said an equity capital markets banker. For comparison, the upcoming National Stock Exchange IPO is expected to be valued at $60–65 billion.
Also Read Samsung Galaxy A17 5G Debuts With Android 15 And 5000mAh Battery
Jio’s IPO comes nearly a decade after it disrupted the telecom market with free voice calls and ultra-low data rates. This aggressive strategy forced competitors to slash prices and restructure operations. Some, like Reliance Communications and Aircel, eventually filed for bankruptcy. “Our goal was to end prohibitive data pricing and poor connectivity,” Ambani recalled. The strategy reshaped India’s digital landscape and now, Jio is ready to take the next leap.
Jio’s IPO is more than just a listing it could be the next phase in India’s telecom revolution.
Share
Indian DJ Goes Viral for Spinning Live Music While Paragliding at 8,000 Feet
What To Do Immediately If Your Phone Is Stolen Or Lost?
