At the Reliance Industries Annual General Meeting (AGM) held on August 29, 2025, Chairman Mukesh Ambani announced that Jio Platforms is in the process of preparing for its Initial Public Offering (IPO), with a listing date in the first half of 2026. “Jio is getting all set to file for its IPO. We are planning to list Jio by first-half of 2026, pending all due approvals.”. I assure you that this will prove that Jio is able to generate the same amount of value as our international peers. I am confident that it will be a very interesting opportunity for all investors,” Ambani added.
Jio’s Growth Priorities
Ambani delineated five priorities for Jio’s next phase of growth. They include reaching all Indians through mobiles and home broadband, offering digital services to homes, digitizing businesses with safe platforms, advancing an “AI Everywhere for Everyone” initiative, and broadening operations overseas. These plans reinforce Jio’s ambitions to sustain its fast growth and cement its foothold in India as well as overseas.
Investor Interest and Strategic Partnerships
Jio’s IPO is the largest public issue of a big Reliance business unit since Reliance Petroleum in 2006. The firm has already raised huge foreign investments, with Meta Platforms Inc. and Alphabet Inc. of Google investing more than $20 billion in the telecommunication arm. Ambani also pointed out that Jio crossed the 500 million subscriber threshold and recently teamed with SpaceX to provide Starlink satellite internet services in India, which indicates the company’s focus on innovation and international collaboration.
Strong Financial Performance
Jio Platforms posted a net profit of ₹7,110 crore in Q1 FY26, a 25% rise over last year. Revenue increased 19% to ₹41,054 crore, led by higher subscriber base, a growth in ARPU at ₹208.8, and solid expansion in 5G and home broadband services. Jio’s 5G subscriber base has crossed 200 million, and home broadband connections have crossed 20 million, indicating the company’s unabated market dominance.
Milestones That Have Shaped Jio
Ambani also emphasized five game-changing milestones by Jio: eliminating voice call fees in India, driving mobile video consumption and digital payments, building the foundation for India’s Digital Public Infrastructure, fostering India’s startup ecosystem with more than 100 unicorns, and rolling out the fastest countrywide 5G rollout in the world, paving the way for AI adoption.
Market Reactions
RIL shares fluctuated a little during the AGM, dipping ₹40 from the high. Analysts, however, are positive on the announcement of the IPO. Dr. VK Vijayakumar of Geojit Investments added that listing will free value, while Angel One’s Rajesh Bhosale said any dips in price could be excellent buying opportunities.
With the IPO in sight, Jio is set to present investors with an opportunity to invest in one of India’s most innovative and fastest-expanding digital ecosystems. Subscriber growth coupled with AI projects and foreign partnerships has made Jio a potential giant both within India and across the world.
