Reliance Jio Platforms, the telecom and digital powerhouse under Reliance Industries, is set to file for an initial public offering (IPO) in the first half of 2026, revealed Mukesh Ambani at Reliance’s 48th Annual General Meeting. This IPO is expected to be the largest ever on India’s stock market, with plans to raise approximately ₹52,000 crore, almost double Hyundai India’s record IPO size from last year.
The move is designed to unlock significant value for Reliance’s 44 lakh shareholders and offer an exit opportunity to major global investors like Meta and Google who collectively invested over $20 billion in Jio’s digital business in 2020. Ambani underscored this as a proud moment, highlighting that the IPO would showcase Jio’s ability to create global-scale value for investors.
Growth Ambitions and Strategic Focus
Jio’s journey since its 2016 launch has been nothing short of transformative, amassing over 500 million customers within a decade by delivering affordable broadband and digital services across India.
Ambani unveiled five strategic assurances for Jio’s next growth phase: connecting every Indian via mobile and home broadband, empowering homes with digital services such as smart home technology and Jio TV platforms, digitising businesses and enterprises through scalable and secure platforms, leading the AI revolution with an “AI Everywhere for Everyone” initiative, and expanding operations internationally with indigenous technology.
The launch of Reliance Intelligence, a new subsidiary dedicated to driving artificial intelligence development, was also announced to support Jio’s AI ambitions.
Reliance Jio is making significant strides in artificial intelligence (AI), recently launching a new subsidiary, Reliance Intelligence, dedicated to building next-generation AI infrastructure powered by green energy. This initiative includes developing AI-ready data centres and forging global partnerships to deliver trusted, affordable AI services for consumers and enterprises, with applications in education, healthcare, and agriculture. Products like JioPC and JioFrames further showcase Jio’s ambition to integrate AI into everyday lives, transforming screens into AI-ready devices and creating AI-powered wearables tailored for Indian languages and lifestyles.
Regulatory Changes and Market Dynamics
A key factor facilitating this massive IPO is the recent proposal by the Securities and Exchange Board of India (SEBI) to relax the mandatory minimum public shareholding norms from 5% to 2.5% for companies valued over ₹5 lakh crore. Under previous rules, Jio’s IPO would have required a public float exceeding $6 billion, considered too large for Indian markets.
The new rules effectively halve the expected IPO size to just over $3 billion, making it more manageable and attractive to investors. Analysts suggest this adjustment reduces supply concerns and limits potential holding-company discounts on Reliance shares, making the IPO a strategically sound step for both the company and shareholders.
The Logical Indian’s Perspective
The forthcoming Jio IPO marks a milestone not only in India’s corporate history but also in its digital transformation journey. While the economic prospects are enormous, The Logical Indian urges a balanced outlook that considers the ethical and inclusive implications of such growth.
As Jio expands its AI footprint and digital ecosystem, ensuring data privacy, equitable access to digital technologies, and bridging socio-economic divides become paramount. True progress embraces innovation alongside empathy, fostering an environment where technology serves all sections of society harmoniously.
Shri Mukesh Ambani at #RILAGM thanks everyone for making Jio 500 million strong.#Jio500Million #WithLoveFromJio pic.twitter.com/MdLtK4SWJn
— Reliance Jio (@reliancejio) August 29, 2025
