Jio IPO: Reliance may seek $6 billion in telecom unit's public offer with limited share float, says report

Jio IPO: In a major update related to Jio's much-awaited initial public offering, Reliance Industries Ltd (RIL) may seek to sell just 5% of its telecommunications unit to raise more than $6 billion, Bloomberg reported, citing people familiar with the development.

Regarding this, the Mukesh Ambani-led company has started informal discussions with the market regulator, the Securities and Exchange Board of India (SEBI).

When will the Jio IPO launch?

The initial share sale of Reliance Jio, which could be India’s biggest ever, may take place as early as next year, the report said.

Jio Platforms Q1 results

Jio Platforms, the holding company of Reliance Jio Infocomm, recorded a 24.8% increase in its profit after tax (PAT) to ₹7,110 crore in the latest June quarter, compared to ₹5,698 crore in the corresponding period the previous fiscal year.

EBITDA climbed 23.9% year-on-year (YoY) to ₹18,135 crore. The EBITDA margin stood at 51.8% in Q1 FY26 vs 49.7% a year back.

The average revenue per unit (ARPU) of Jio rose 14.9% to ₹208.8 per subscriber per month as against ₹181.7 per user in Q1 FY25.

The JioTrue5G user base has surpassed 200 million in the latest first quarter of this fiscal and stands at 213 million.

Akash Mukesh Ambani, Chairman of Reliance Jio Infocomm, said, "We have delivered a milestone quarter at Jio with our 5G and Home subscriber base crossing the 200 million and 20 million marks respectively. Jio continues to bring next generation services for its users with the launch of JioGames Cloud and JioPC bundle at affordable prices to drive adoption of digital services in India. Jio continues to create unparalleled technology infrastructure and is extending its leadership in 5G and fixed broadband. This will be pivotal in driving AI adoption in the country."