Reliance Jio IPO by first half of 2026: Mukesh Ambani announces at RIL AGM; 'very attractive opportunity'

Reliance Jio IPO: At Reliance Industries’ 48th Annual General Meeting, Chairman and Managing Director Mukesh Ambani said that Jio is preparing for its initial public offering (IPO), targeting a listing in the first half of 2026.The announcement comes with the caveat that it remains contingent upon receiving necessary regulatory approvals.Speaking to shareholders, Ambani highlighted this development as a significant achievement that would demonstrate Jio's potential to generate value at par with international competitors."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. I assure you that this will demonstrate Jio's capability to create the same quantum of value as our global counterparts," Ambani said."I am sure that it will be a very attractive opportunity for all investors," he added.Mukesh Ambani outlined five transformative contributions by Jio that revolutionised India's telecommunications and digital landscape. According to him, Jio pioneered free voice calls nationwide and enabled Indians to effortlessly stream videos and perform digital transactions on their mobile devices.He emphasised Jio's significant contribution in facilitating platforms such as Aadhaar, UPI, and Jan Dhan direct transfers, which strengthened digital capabilities for India's newer generation.Furthermore, he noted the company's role in fostering India's startup environment, which now ranks third globally and houses more than 100 unicorns.Regarding technological advancement, Jio's swift 5G implementation has established infrastructure for AI development. "Jio's nationwide 5g roll out, the fastest in the world, has laid the foundation for the AI revolution in India," he stated.Ambani presented Jio's financial achievements, reporting revenues of Rs 128,218 crore, showing 17% annual growth, alongside an EBITDA of Rs 64,170 crore for FY 2024-25."These figures are a testimony to the enormous value Jio has already created, and the still greater value is destined to create," he remarked.