Reliance Industries’ Jio Platform IPO is one of the most anticipated new issues that the street is watching out for. The issue is expected to be launched in the first half of 2026. The IPO will be one of the biggest from the Mukesh Ambani-led Reliance Industries Group since 2006, when Reliance Petroleum was launched.
Timeline for IPO launch
Speaking to investors at the 48th Annual General Meeting (AGM) of Reliance Industries on August 29, 2025, Mukesh Ambani, the Chairman of Reliance Group, had mentioned that Reliance Jio is expected to list by the first half of 2026.
“It is my proud privilege to announce that Jio is making all arrangements to file for its IPO,” said Ambani in his address to shareholders on August 29.
He added that “We are aiming to list Jio by the first half of 2026, subject to all necessary approvals. I assure you that this will demonstrate that Jio is capable of creating the same quantum of value as our global counterparts. I am sure that it will be a very attractive opportunity for all investors.”
Valuation of Jio IPO
The size of the IPO of the telecom behemoth is likely to be as much as $170 billion, reported Bloomberg. To give you context, Bharti Airtel, which is the listed peer of Jio, has a valuation of around $140 billion.
Reliance Industries has a 66.5% stake in Jio Platforms, which in turn owns all of Reliance Jio Infocomm.
Business growth of Jio
Jio’s average revenue per user (ARPU) stood at Rs 209 in Q2 FY26, up 63% since the start of tariff hikes. The company has a revenue market share of 42.3%, followed by its peer Bharti Airtel at 39.2%.
Reliance Jio subscriber addition
In the second quarter of FY26, Jio’s subscriber base crossed the milestone of 500 million, with a total subscriber base of over 506 million.