Reliance Industries Chairman and Managing Director Mukesh Ambani on Friday, August 29, announced that the company is making all arrangements to file for Jio’s initial public offering (IPO) by the first half of 2026.
“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. 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 that it will be a very attractive opportunity for all investors,” Ambani said at Reliance Industries’ 48th annual general meeting (AGM).
Reliance Jio’s IPO could be the largest ever in the history of Dalal Street, nearly doubling the size of Hyundai India’s Rs 28,000 crore public issue last year. The size of the IPO is expected to be around Rs 52,000 crore, as per media reports.
If Reliance Industries proceeds with a Rs 52,200 crore IPO for Jio, it would surpass Hyundai India’s offering by a significant margin and become India’s largest ever.
Ambani says IPO plans are underway and highlights Jio’s potential to create global-scale value
