Home / Business and Economy / Reliance Jio IPO Delayed Until 2026, Shares Slip After AGM
Reliance Jio IPO Delayed Until 2026, Shares Slip After AGM
29 Aug
Summary
- Reliance Jio IPO delayed until 2026, despite Mukesh Ambani's assurance
- Reliance shares fell over 2% after the AGM, continuing a post-event trend
- Reliance Retail aims to double revenue and EBITDA by 2030
On August 29, 2025, shares of Reliance Industries Ltd (RIL) slipped over 2% on the Bombay Stock Exchange, even as Chairman Mukesh Ambani assured investors at the company's Annual General Meeting (AGM) that the much-anticipated Reliance Jio IPO would finally hit Dalal Street in the first half of 2026.
Addressing shareholders, Ambani promised that Jio has the potential to deliver value comparable to global leaders and called the IPO an "attractive opportunity" for investors. However, the sell-off after big Reliance AGMs has almost become a ritual, with the stock consistently falling after the event for the past four years as expectations outrun announcements.
Reliance Retail remains a critical growth engine for the conglomerate. Last year, Ambani set a target to double Reliance Retail's revenues and EBITDA by 2030, and investors are now keen on updates around the company's quick commerce, fashion joint ventures, FMCG expansion, and consumer services performance.
Brokerages remain broadly optimistic about Reliance's prospects, with several major firms maintaining "Buy" or "Overweight" ratings on the stock and expecting value unlocking in Jio and Retail. However, they also caution against structural challenges and the potential impact of a holding company discount.
