Jio IPO update: Company awaits govt notification on SEBI recommendations to advance public issue plans

In September, SEBI had eased IPO rules for very large firms. It had also extended the timeline by up to 10 years for companies falling in this category to meet 25% minimum public shareholding norms.

Under the new framework, companies with market capitalisation above ₹1 lakh crore would be required to float 2.75% of their equity instead of the current 5%, and those above ₹5 lakh crore would be required to dilute only 2.5%.

In the company's recent earnings call, Anshuman Thakur, Jio Head of Strategy, said, "The Jio IPO, internally we are working on it, of course, we are awaiting the new notification to come from the government to see what the final details are going to be."

"We are working on the assumption that it is in line with whatever SEBI has recommended, but we will still have to wait for that before we finalise and then start the process," he added.

Jio Platforms is gearing up for the public listing in the first half of 2026.

Analysts estimate Jio Platforms IPO to be listed at an enterprise valuation in the range of USD 101 billion to USD 180 billion.

The company is likely to dilute only a small stake.

Jio Platforms results

In the third quarter of this fiscal year, Jio Platforms posted a 11.2% increase in its consolidated net profit to ₹7,629 crore as compared to ₹6,861 crore in the year-ago quarter.

The revenue from operations advanced 12.7% to ₹37,262 crore in Q3 FY26 as against ₹33,074 crore in the same period of the previous fiscal year.

Average revenue per user (ARPU) increased to ₹213.7 per subscriber per month with higher customer engagement, partly offset by promotional offers for unlimited 5G and fixed broadband services. A year back, it stood at ₹203.3.

Total 5G subscriber base reached 253 million as of December 2025, with 5G now accounting for 53% of total wireless traffic.