Ambani Sets Jio IPO In Motion As Telecom Giant Prepares Sebi Filing
Reliance Jio is set to formally begin its journey towards a stock market listing, with Chairman Mukesh Ambani announcing that the telecom and digital services giant will file draft papers for its initial public offering (IPO) with market regulator Sebi on Friday.The announcement, made at Reliance Industries’ 49th Annual General Meeting, signals the start of what is expected to be one of the largest and most closely watched public offerings in India’s corporate history.
Ambani said the proposed listing would mark a significant milestone not only for Reliance but also for India’s technology ecosystem, positioning Jio as a homegrown technology company capable of competing on a global scale.
The IPO move comes as Jio continues to strengthen its position as India’s largest telecom operator and a key driver of Reliance Industries’ earnings growth. During the March quarter, the company reported revenue of Rs 33,381 crore, while EBITDA rose to Rs 18,771 crore, reflecting steady growth in its digital services business.
Average revenue per user (ARPU), a key metric tracked by investors, stood at Rs 214 during the quarter, remaining above year-ago levels despite a highly competitive telecom market.
Jio’s shareholder base already includes some of the world’s largest technology and private equity investors. Meta Platforms owns a 9.99 per cent stake in the company, while Alphabet, Google’s parent company, holds 7.73 per cent. Other prominent investors include Silver Lake, General Atlantic, KKR, TPG Capital and L Catterton.
The filing comes at a time when India’s IPO market is showing signs of revival after a subdued first half of 2026. It also follows the recent filing of draft papers by the National Stock Exchange, setting the stage for two mega listings that could reshape the country’s primary market landscape.
Market participants are expected to closely watch the filing for details on the issue size, valuation and shareholding structure, as Jio’s public debut is widely expected to rank among the biggest technology listings globally.
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