Mukesh Ambani plans to launch Reliance Jio IPO? Here’s what company’s head of strategy says

Anticipation about Reliance Jio’s initial public offering (IPO) is growing more, especially after the demerger of Jio Financial Services from Reliance Industries. Earlier this year, The Hindu Business Line had suggested that Reliance Jio’s IPO can be the country’s biggest-ever and stated that Ambani is said to be preparing to get Reliance Jio listed on stock exchanges to raise around Rs 35,000-40,000 crore.

Reliance Jio was founded in 2016 and became India’s largest telecom operator with a large subscriber base. It is also the second-largest single-country operator globally. After Jio’s growing subscriber base the speculation about a IPO started growing.

Reliance Jio Head Strategy On IPO

During RIL’s Q4 FY25 earnings call, Anshuman Thakur, Head of Strategy at Reliance Jio, was asked to comment on the IPO. In response, Thakur said, “What comment? Someday we will come and tell you now we are going to launch an IPO process. Before that, there is no comment.”

Thakur also stated that the company’s current focus is on expanding its market share and 5G user base. “Our priority at this point is market growth and traction in the 5G segment. An IPO is not currently on our minds,” he added.

A valuation of $112 billion for Jio was also projected by global investment firm Jefferies in July 2024.

Jio’s Q4 Performance

Reliance Industries released its Q4 results for the January-March 2025 period on Friday. Reliance Jio reported a 26% rise in net profit which has reached to Rs 7,022 crore compared to Rs 5,587 crore in the same period last year. Revenue for the quarter grew by 18% to Rs 33,986 crore from Rs 28,871 crore in Q4 FY24.

There is no official confirmation on the IPO timeline but Jio’s performance and market sentiments makes it a strong contender for IPO. 

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