The wait for one of India’s biggest stock market debuts has officially begun. At the Reliance Industries 48th Annual General Meeting (AGM) 2025, Chairman Mukesh Ambani today announced that Reliance Jio Infocomm, the telecom arm of Reliance Industries, is gearing up for its much-anticipated Initial Public Offering (IPO) by the first half of 2026, subject to regulatory approvals.
“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. 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 it will be a very attractive opportunity for all investors,” said Ambani.
Jio IPO: Why Jio IPO matters for Dalal Street
The Jio listing could be among the largest IPOs in Indian history, considering the company’s scale and dominance in the telecom sector.
The company has a customer base of more than 500 million subscribers. It is also interesting to that this is much bigger than the combined populations of the US, UK, and France.
Furthermore, in the Reliance AGM, Ambani said pointed out that Jio has transformed how Indians use mobile data, broadband, and digital services.
For FY25, the company reported revenue of Rs 1.28 lakh crore with EBITDA at Rs 64,170 crore.
Jio IPO: Jio’s five big priorities ahead of the IPO
In the 2025 Annual General Meeting (AGM), Mukesh Ambani also outlined Jio’s next phase of growth, which will set the tone for the company’s future post-listing. This incluce
- Connecting every Indian through mobile and home broadband.
- Bringing digital services to households at affordable costs.
- Digitising businesses with secure platforms and solutions.
- “AI Everywhere for Everyone” initiative and pushing artificial intelligence adoption at scale.
- Global expansion, that is, taking Jio’s technology and platforms beyond India.
Jio IPO: What investors should watch out for
As the countdown for JIO IPO has begun, putting an end to all speculation and uncertainties, investors will now be closely tracking the valuation, pricing, and potential growth drivers.
Ambani’s assurance that the IPO will create value “on par with global counterparts” has further raised expectations, making the debut one of the most anticipated events on Dalal Street in 2026.
For now, investors can circle H1 2026 on their calendars.
