Mukesh Ambani, Asia’s richest businessman and chairman of Reliance Industries (RIL) made several announcements at the company’s annual general meeting. With this meeting, the shareholders were eagerly waiting for the IPO’s announcement. He did it too. Reliance Jio’s IPO will come in the first half of 2026. Do you know that this IPO can break all the records. This IPO of Mukesh Ambani is preparing to become a record holder issue. According to experts, Jio IPO can be the biggest IPO of stock market history.
Ambani told the shareholders in the company’s AGM that I am proud to announce that preparations for Jio IPO have started. Our goal is to list Jio after all necessary approvals till the first half of 2026. Let us also tell you what kind of number of figures are coming out about Reliance Jio.
Stock market history may be the biggest IPO
- Reliance Jio’s IPO can be the biggest IPO of the stock market history so far. The special thing is that its size may be almost double in the IPO of Hyundai India that came last year. According to earlier reports, the size of the IPO of Jio Infocomm can be around Rs 52,000 crore. While Hyundai India’s IPO was worth Rs 28,000 crore.
- The IPO Meta platforms will allow major global investors to get out, including Ink and Alphabet Inc.’s Google, who invested more than $ 20 billion at Reliance’s digital verses in 2020. The valuation of Reliance’s digital and telecom properties was $ 58 billion at that time.
- Recently, market regulator SEBI has proposed to relax the listing rules, which had been seen as a hurdle for longer offers. Under this, the mandatory offering size for companies worth more than Rs 5 lakh crore has been reduced from 5 percent to 2.5 percent.
- Under the current rules, Jio’s IPO has been more than $ 6 billion due to 5 per cent mandatory float, which is considered very large for Indian markets. With the proposal to reduce this limit to 2.5 percent, the size of the issue will be half to $ 3 billion, which will make it more practical.
- City analysts Saurabh Handa and Prerna Goenka said that 5 per cent of public issue will supply more than $ 6 billion shares, which is quite large for the Indian market, that is also when 35 per cent of the share is reserved for retail investors. He further said that 2.5 percent of the public issue for Jio will supply more than $ 3 billion shares, which we believe will not only reduce the excess of supply at the time of IPO, but can also reduce the concerns of hold-company discounts for RIL.
Jio IPO matters for Reliance investors
The listing of both Reliance Jio and Reliance Retail will be one of the largest activities for RIL shares in the near medium period as it will increase the price for 44 million RIL shareholders. However, after both Jio and Retail are separated separate list, RIL shares will be exempted from the holding company. Nuwama said that we believe that if Jio and Retail IPOs are listed separately, their value will increase, but it will not have any significant impact on the shareholders of RIL as it can be compensated by holding company exemption.
What did Ambani say in AGM?
Revealing the plans of Jio IPO in AGM, Ambani said that the future is even more ambitious. He also made 5 promises regarding future plans. He said that connecting every Indian with mobile and home broadband will be his biggest target. Equipping every Indian house with digital services is also included in their list. Digitization of every Indian business and enterprise is also his target. The AI revolution of AI Revolution and the expansion of operation outside India is also in his list. Ambani also announced to launch a new full -fledged subsidiary called ‘Reliance Intelligence’ to promote AI in India. During the annual meeting, the company also announced a joint venture with a partnership with Google and a meta.