Jio a Landmarket IPO – Reliance Industries to plan by first half of 2026

Reliance Jio IPO: What Investors Should Know

Reliance Industries Ltd, India’s most valuable company, is gearing up to list its telecom and digital arm, Reliance Jio Infocomm Ltd, a move that could unlock significant value for its 4.4 million shareholders.

The proposed IPO would mark the culmination of nearly a decade of rapid growth. Since launching commercial services in 2016, Jio has transformed India’s telecom landscape by offering affordable data and free voice calls. Today, it serves over 500 million customers, a user base larger than the combined populations of the US, UK, and France. Jio’s robust network has also played a key role in enabling India’s UPI payments revolution and supporting the rise of several digital unicorns.

In FY25, Jio reported revenue of ₹1,28,218 crore, growing 17% year-on-year, while EBITDA stood at ₹64,170 crore, highlighting strong operational performance.

According to sources, Reliance Jio Platforms is considering an IPO that could involve selling around 2.5% stake in the company. If executed, this offering could raise over $4 billion, potentially making it India’s largest IPO ever.

Subscriber Growth & Market Position
During Q1 FY26, Jio added 9.9 million new subscribers, taking its total user base to nearly 500 million. The company also crossed 20 million home connections, adding 2.6 million during the quarter, firmly retaining its leadership in home broadband and connectivity.

For comparison, Bharti Airtel serves 605 million customers globally, including 436 million in India and 169 million in Africa. In India, nearly 79% of Airtel’s mobile users are smartphone customers, and its home services segment has reached 11 million subscribers.

Looking Ahead: Jio’s 2026 Vision
Jio’s roadmap for 2026 focuses on becoming a complete digital ecosystem rather than just a telecom provider. The company plans to roll out “Happy New Year 2026” offerings that may include Unlimited 5G, Google Gemini Pro AI, and bundled OTT services. Alongside this, the potential 2.5% IPO in 2026 could help fund further expansion into AI, digital platforms, and next-generation services for its 500M+ users.

“Today, it is my proud privilege to announce that 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,” Chairman Mukesh Ambani told shareholders at the company’s 48th annual general meeting.

Reliance Industries Official Announcement for Reliance Jio IPO – Read More