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Mukesh Ambani, the country’s biggest businessman Mukesh Ambani, on Friday lifted the IPO of Reliance Jio. He has told that Jio’s IPO can come till the half of the next year. After the announcement of Mukesh Ambani, there is a lot of discussion in the market about Jio IPO. It can be the largest IPO in the country, its valuation can be $ 154 billion i.e. 13.5 lakh crore rupees.
If the company also sells only 5 percent stake in its stake, then the size of its IPO can range from Rs 58,000 crore to Rs 67,500 crore, which will be the largest IPO in the country. Because, at present, the biggest issue is of Hyundai and LIC. Hyundai’s IPO came in October 2024, whose size is Rs 27,870 crore.
Global firm estimate
Global brokerage firm Goldman Sachs has estimated Reliance Jio’s valuation to be $ 154 billion. This can prove to be a game-changer for the Indian stock market. The rest of the big brokerage firms are also very positive about Jio. Jefferies has described a valuation of $ 146 billion, McCweri $ 123 billion and MK has a valuation of $ 121 billion.
Experts believe that after the listing of Jio, its valuation can range between $ 134 to 146 billion (about 11.2 to 12.19 lakh crore rupees). With this, Jio will join India’s top-5 listed companies and Bharti Airtel, whose market cap, is Rs 10.77 lakh crore, can also leave it behind.
Mukesh Ambani’s plan
Mukesh Ambani said in Reliance’s Annual General Meeting (AGM) that Jio is preparing to bring the IPO in the first half of 2026. He said that Jio Global Telecom companies can create as much value. Ambani also said that Jio will increase business outside India and will take its technology worldwide.
Jio already has more than 50 crore customers, which makes it the second largest telecom operator in the world after China mobile. The 85% of the Jio platforms comes from the revenue telecom business, which makes its high valuation further.
Financial performance
In the first quarter of FY 2026, the Jio platforms earned a net profit of Rs 7,110 crore, which is 25% more than the previous year. Its gross revenue increased by 19% to Rs 41,054 crore and Ebitda increased 23.9% to Rs 18,135 crore. Profit margin improved due to better earnings per customers and per user. Reliance Industries holds 66.3% stake in Jio platforms.