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Jio IPO Near: Ambani Eyes Broader Stakeholder Participation
29 May
Summary
- Jio IPO is targeted for the first half of 2026.
- Jio's profit after tax increased 15% to Rs 30,053 crore in FY26.
- Jio's IPO valuation is estimated between USD 130 billion to USD 180 billion.
Reliance Industries Limited (RIL) Chairman Mukesh D Ambani is preparing Jio Platforms for a significant expansion, focusing on broadening stakeholder participation as the company advances toward its initial public offering (IPO).
Ambani announced the IPO timeline during the RIL Annual General Meeting in August 2025, aiming for listing in the first half of 2026. RIL, holding 66.43% of Jio Platforms, is implementing measures to enhance its institutional framework and transparency.
Jio Platforms has shown strong financial performance. For the fiscal year ended March 2026, its profit after tax increased by 15% to Rs 30,053 crore. Annual revenue from operations also grew by 14.5% to Rs 1,46,885 crore during the same period.
Industry analysts anticipate that Jio's IPO could set a new record as the largest public offering to date, with estimated valuations ranging from USD 130 billion to USD 180 billion. This strategic move aims to position Jio as a global technology leader.
