Reliance Jio IPO by First Half of 2026, Mukesh Ambani Confirms at AGM
Mukesh Ambani, chairman and managing director of Reliance Industries, confirmed at its Annual General Meeting (AGM) on 29 August, that Reliance Jio will file for an Initial Public Offering (IPO) in the first half of 2026. During his keynote speech at the Reliance AGM 2025, Ambani considered Jio’s past decade and the roadmap of the company for the future.
This news comes at an exciting time for Jio, having recently broken through the 500million subscriber mark it is now the largest telecom operator in India based on market share. The eventual listing of Jio could possibly be the most anticipated public offering in India, with analysts predicting it could raise more than ₹50,000 crore.
Reliance AGM 2025, Date and Highlights
The Reliance AGM 2025 date and time presented 29 August 2025, where Ambani spoke to shareholders at the company’s forty eighth AGM. Regarding their plans for the listing, he said:
“Today, I am proud to be able to say, that Jio is making all arrangements to file for an IPO. We are targeting to list Jio in the first half of 2026, subject to necessary approvals.”
He assured our shareholders that this public listing could provide an example of Jio’s ability to create value on par with its global counterparts. The Reliance board make 2025 also covered their new business units, international expansion and vision for their next phase of growth.
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Jio IPO Release Date and Investor Perspective
The Jio IPO release date is marked for the first half of 2026, subject to regulatory approvals. The Reliance Jio IPO expected price and Reliance Jio IPO share price will be determined close to the launch date. However, the offering is already seen as a historic moment in the opportunity in the Indian stock market.
Ambani stated “a very attractive opportunity for all investors” and emphasized that Jio’s operating performance and subscriber growth provided a solid foundation for value creation.
Financial Performance and Growth
In the June quarter of FY26, Jio Platforms Ltd. delivered a consolidated net profit of ₹7,110 crore, a 25 percent increase year-on-year, and revenue from operations of ₹41,054 crore, a year-on-year increase of 19 percent.
The company’s notable growth was driven by:
- Strong additions in mobile and home broadband subscribers ;
- An increase in Average Revenue Per User (ARPU) to ₹208.8 ;
- A rapid increase in its 5G user base, now above 200 million ;
- More than 20 million home broadband connections.
The figures confirm Jio’s competitive strength, as a telecom and digital services provider, at its enormous scale, alongside global analogues.
Jio’s 10-Year Journey
As Jio reaches its 10th year, Mukesh Ambani asked the question on Jio’s role in India’s digital transformation. Jio has ushered in free voice calls and low-cost data. Jio has changed the way Indians engage with the internet.
Examples of milestones may include:
- Making voice calls free across the country.
- Enabling ordinary Indians to watch videos on mobile device.
- Supporting digital payments (e.g., UPI, Aadhaar).
- Aiding in building India’s third largest start-up ecosystem in the world with 100 plus unicorns.
Ambani said that Jio’s nationwide 5G rollout is the fastest in the world, and that this has laid the groundwork for India’s entry into the artificial intelligence era.
Plans for Expansion and Reliance Intelligence
Perhaps the most significant announcement was the creation of a subsidiary called Reliance Intelligence, a wholly owned subsidiary for isolation artificial intelligence technologies. Via this unit, Jio will be introducing AI powered products such as Jio PC, which claims it can convert televisions into AI-capable computers, and Jio Frame, a smart glass that provides embedded voice assistance and cameras.
Akash Ambani, who is the chairman of Reliance Jio also stated that the company is working on taking its operations globally. Jio currently connects 500 million people, Ambani said, adding that this surpasses the current population of the US, UK and France. “With a roadmap, and practical partnerships, we will be able to take Jio international,” he said.
Reliance Retail and Consumer Products
Isha Ambani revealed at the same time as announcing Jio’s IPO that Reliance Consumer Products Ltd. (RCPL) will become a direct subsidiary of Reliance Industries, as part of the overall strategy to address the $2 trillion consumer market in India, which is growing at over 8 percent each year.
She emphasized four key trends in this effort:
- The increasing purchasing power of 350 million middle-class households.
- Growing consumption comes from rural markets, which now contribute 65 percent of all FMCG growth.
- An increase in branded and premium products at affordable prices.
- RCPL’s move to a manufacturing company to bring global-quality goods at Indian prices.
RCPL’s direct subsidiary status has also created renewed interest around the obvious Reliance Retail IPO date. Investors are looking forward to a major announcement.
Looking Ahead
The Reliance Jio IPO share price will be the number for investors and watchers to follow over the coming months. If it is successful, it could become one of the largest public listings in India since Reliance Petroleum in 2006.
Ambani’s remarks during the Reliance AGM 2025 current affairs indicates confidence in Jio’s ability to attract globally-scaled investments and provide long term value. With 5G, AI-enabled products and international expansion around the corner, Jio is establishing itself as not only India’s telecom leader, but a global digital giant.
In Conclusion
The announcement of the Jio IPO release date to secure market potential in the first half of 2026 has driven excitement for investors and consumers. Reliance’s pursuit of digital expansion, artificial intelligence and consumer products shows the next decade will be just as disruptive as the last.
With Jio crossing the 500 million subscriber mark, delivering sound financials and preparing for the market, Mukesh Ambani’s message at the AGM was clear: Reliance is ready for its next chapter and Jio will be front and center.
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