The itemizing for Reliance Jio, anticipated to be one in all India’s largest ever, may elevate round $6 billion
In sum – what to know:
IPO confirmed – Reliance Jio will launch its long-awaited IPO in early 2026, aiming to boost round $6 billion at a valuation close to $112 billion.
5G challenges – Regardless of nationwide protection, Jio’s 5G utilization stays low (~15%), with growth tied to demand and competitors from Airtel’s 90 million 5G subscribers.
Progress technique – Jio is prioritizing upgrades from 4G, increasing its digital providers, and positioning for global-scale worth creation earlier than going public.
Mukesh Ambani, Chairman of Reliance Industries, confirmed as we speak that the long-anticipated preliminary public providing (IPO) of Reliance Jio Platforms will happen within the first half of 2026, with preparations already underway.
The itemizing, anticipated to be one in all India’s largest ever, may elevate round $6 billion at a valuation close to $112 billion, unlocking vital shareholder worth and elevating Jio’s place in world capital markets.
The announcement follows months of hypothesis. In July, stories recommended Jio had delayed its IPO past 2025 to bolster income and consumer development earlier than going public. Analysts presently worth the digital and telecom big at greater than $100 billion.
Since launching in 2016, Jio has grown into India’s largest cellular operator with greater than 500 million subscribers, backed by investments from Alphabet, Meta, KKR, Normal Atlantic, and sovereign wealth funds. Ambani emphasised that the IPO would showcase Jio’s means to generate global-scale worth whereas advancing its technique to increase cellular and broadband protection, improve digital providers, speed up AI adoption, and pursue worldwide development.
The delay, analysts say, displays Jio’s ambition to strengthen its subscriber base and broaden its portfolio — together with apps, linked gadgets, and AI-powered enterprise options — making certain the corporate enters public markets with most momentum.
Reliance Jio’s 5G utilization beneath scrutiny
Jio Platforms, a subsidiary of Reliance Industries Restricted, derives about 80% of its $17.6 billion annual income from its telecom arm, Reliance Jio Infocomm. But, the telco is dealing with questions on how successfully it’s monetizing its 5G rollout.
In October 2024, the corporate admitted it was taking a measured method to 5G investments attributable to low utilization and delayed monetization, as a substitute specializing in upgrading its 4G customers to 5G. Sources near gear suppliers estimate Jio’s 5G community utilization at simply 15%, although firm insiders insist utilization is greater than double that determine.
Jio’s 5G infrastructure is supported by Nokia and Ericsson, and as of mid-2025, the service counts 130 million 5G subscribers. Rival Bharti Airtel trails with round 90 million, however analysts anticipate Jio’s subsequent funding push to coincide with extra aggressive competitors.
A Jio spokesperson confirmed that future 5G investments will likely be tied to demand, underscoring the corporate’s cautious stance. Regardless of questions over utilization, Jio maintains it achieved nationwide 5G protection in September 2024, lower than two years after launching providers.
