Reliance Jio is ready to launch India’s biggest IPO
Reliance The largest IPO in Indian history is about to be launched by Jio. Jio might raise between ₹58,000 and ₹67,500 crores if it sells even a 5% stake, according to sources.
After Hyundai Motor India, it will be the largest IPO if this occurs. Hyundai’s IPO was valued at ₹27,870 crores in October 2024. In contrast, the size of Hyundai’s issuance may be more than doubled by Reliance Jio’s IPO.
The IPO of Reliance Jio is scheduled for June of next year.
By June of next year, Reliance Jio, the biggest telecom provider in India, will go public. This was revealed at the 48th Annual General Meeting (AGM) of Reliance Industries on Friday by Chairman and MD Mukesh Ambani. Global value for stockholders will be unlocked by this IPO.
Analysts are optimistic about valuations.
In the “bull case,” international stockbroker Goldman Sachs estimated Jio’s enterprise value to be $154 billion, Jefferies $146 billion, and Macquarie and Emkay between $121 billion and $123 billion. The majority of estimates fall between $134 and 146 billion, which would put Jio ahead of rival Bharti Airtel, which is valued at ₹10.77 lakh crore as of Friday’s closing price, and among the top five listed companies in India by market capitalization.
Ambani also seemed upbeat about the potential wealth creation that investors could receive from Jio’s listing. “I have no doubt that all investors will find it to be a highly alluring prospect. He asserted that Jio has the capacity to generate value comparable to those of its international competitors.
Jio boasts more than 50 crore users.
According to Mukesh Ambani, Jio plans to develop its technology globally as well as in India. With over 50 crore users, Jio is currently the second-largest telecom provider in the world, behind China Mobile.
will be the largest IPO in India to date.
All prior records could be broken by Jio’s IPO. Prior to this, the biggest IPO in India was that of Hyundai Motor India, which raised ₹27,870 crore. Prior to then, there were significant initial public offerings (IPOs), such as Coal India (₹15,199 crore, October 2010), Paytm (₹18,300 crore, November 2021), and LIC (₹21,000 crore, May 2022).
Too Large to Fit in
According to the Bloomberg article, Reliance has apparently started informal talks with Sebi to request clearance for a lower float, despite the fact that India’s listing regulations require at least 25% public shareholding. According to the conglomerate, the local market isn’t deep enough to handle a multi-lakh-crore issue all at once. However, early backers intending to pay out more fully might be disappointed with a smaller float.
made ₹7,110 crore in profit during the June quarter.
Jio Platforms encompasses both digital and telecom enterprises. 66.3% of it is owned by Reliance Industries. Meta (10%), Google (7.7%), and a few private equity investors (16%) own the remaining shares.
Jio has also experienced outstanding financial growth. Jio Platforms made ₹7,110 crore in the June 2025 quarter, a 25% increase over the previous year.
EBITDA rose 23.9% to ₹18,135 crore, while the company’s overall revenue climbed 19% to ₹41,054 crore. More users and higher earnings per user have also helped Jio’s profitability.
Investors have a fantastic chance with Jio’s IPO.
“Jio’s IPO will be a terrific opportunity for investors,” stated Mukesh Ambani. However, some analysts believe that because of the possibility of a decline in the holding company’s worth, Reliance Industries’ stockholders could not fully benefit.
