Reliance Jio IPO

Jio Platforms Limited, a subsidiary of Reliance Industries Ltd, has filed its DRHP with the market regulator, SEBI for approval on June 19, 2026. Reliance Industries filed the DRHP for its telecom arm on its 49th AGM after board member approval.

Jio Platforms is a technology-driven company built on its own digital technology and nationwide connectivity infrastructure. In September 2016, the company launched its commercial 4G services to the public, offering all services completely for free. Jio disrupted the Indian telecom industry and emerged as the country's dominant mobile network.

Jio Platforms is backed by Reliance Industries Limited (RIL), which was India's largest private sector company by market capitalisation as of March 31, 2026. The Jio brand is well known in India and has extended to various consumer-facing brands such as JioMart, AJIO, JioHotstar and Jio-bp.

The customer base has grown from 48.18 crore in FY24 to 48.82 crore in FY25 and stood at 52.44 crore in FY26. Average Revenue Per User (ARPU) improved from ₹181.7 in FY24 to ₹206.2 in FY25 and further to ₹214.0 in FY26. Average monthly data consumption per user increased from 28.7 GB in FY24 to 33.6 GB in FY25 and reached 42.3 GB in FY26.

For retail consumers, Jio offers mobile and fixed broadband connectivity along with a broad portfolio of digital services, including entertainment platforms, cloud gaming, cloud computing and storage solutions, smart home products and AI-powered applications such as AI assistants. For enterprises, the company provides broadband and leased-line connectivity, cloud solutions, productivity tools, unified communications, Internet of Things (IoT) services, managed Wi-Fi, private 5G networks, cybersecurity solutions and AI-based enterprise products.

According to the DRHP, Jio Platforms will be 100% book-built, including a fresh issue of 27 crore shares with a face value of ₹10 each. There will be no offer for sale. The company will utilise funds for the repayment of certain outstanding borrowings of its material subsidiary, RJIL (Reliance Jio Infocomm Limited) and general corporate purposes.

The company aims to support India's digital growth by providing easy access to digital connectivity and services. Through its subsidiary, Reliance Jio Infocomm Limited (RJIL), the company served 52.44 crore customers in India as of March 31, 2026. Today, Jio has become one of the primary digital gateways through which millions of Indians access the internet, digital services and emerging technologies such as Artificial Intelligence.

As of March 31, 2026, Jio Platforms and RJIL employed 11,303 professionals in digital products and technology development, accounting for around 40% of the total workforce. The company had also filed 6,817 patents across technologies such as 4G, 5G, 6G and AI-powered network automation. Since launching its services in 2016, the company has focused on providing a wide range of digital services, with connectivity acting as the foundation for customer access.

In FY26, around 60% of India's total wireless data traffic was carried by Jio network. The company had approximately 1.4x the number of 4G and 5G subscribers compared to the second-largest telecom operator in the country. Jio's network also carried the highest volume of mobile data globally outside China during FY26. The company launched its 4G VoLTE network in 2016 and became one of the first greenfield all-IP telecom operators globally. It was also the first telecom operator in India to launch a standalone 5G network.

As of March 31, 2026, Jio had 26.85 crore 5G subscribers. Following the launch of 5G services in October 2022, the company deployed more than 10 lakh 5G cells within a year. As of December 31, 2025, Jio had the largest 5G customer base in the world outside China.

As of March 31, 2026, Average monthly data consumption per user stood at 42.3 GB. The digital app ecosystem crossed 36.16 crore monthly active users, while users spent approximately 5.0 hours on the Jio set-top-box platform, on average. Jio’s wireless broadband network footprint spans more than 99% of India’s population. Near 44% of mobility subscribers were in the age bracket of 18-35 years. Roughly 46% of data consumption occurred in the rural markets, according to figures in FY26. In the fixed broadband business, about 63% net customer additions happened from the urban markets and 37% came from rural markets.