Jio’s IPO
Mukesh Ambani’s telecom company ‘Reliance Jio’ can file draft papers for its IPO in the next few days. According to a report by Financial Times, this IPO could be worth around $4 billion (about more than Rs 33,000 crore). This news has come at the right time when the 49th Annual General Meeting (AGM) of Reliance Industries is going to be held on 19 June 2026.
The biggest IPO in the Indian stock market
This IPO of Reliance Jio is going to be the biggest IPO ever in the history of the Indian stock market. Earlier, Hyundai Motor India had created the record of the largest public offer in the country by launching an IPO of $3.3 billion. But Mukesh Ambani’s Jio is now very close to breaking this record. However, the pace of IPOs in the stock market in the year 2026 has been a little slower than in the last two years, in such a situation, the entry of Jio will work to breathe a new life for both domestic and foreign investors.
After discussion with old investors, Ambani changed the whole game
In the initial discussions, it was believed that Reliance Industries would sell its stake in this IPO, which is called ‘Offer for Sale’ (OFS). But according to recent media reports, Mukesh Ambani has changed his decision after long discussions with existing global investors regarding valuation. Now the company is choosing the path of ‘fresh issue’ i.e. issuing new shares. This means that whatever money will be raised from the IPO, it will not go into the pockets of Reliance’s promoters or old investors. Rather, all that money will be spent directly in expanding Jio’s business, bringing new technology and strengthening the 5G network.
Reliance shares facing recession will get support
The year 2026 has been a bit difficult for Reliance Industries so far. Due to the ongoing tension and instability in the Gulf Region, Reliance’s core refining (oil) business has been adversely affected. This is the reason why the company’s profit declined by 13% on an annual basis in the March quarter and Reliance shares have seen a decline of about 15% so far this year. In last year’s AGM, Mukesh Ambani had promised that Jio would be listed in the first half of 2026. Amidst the slowdown in oil business, this IPO of Jio is not only a big step towards fulfilling this promise, but it can also provide a new support to the falling shares of Reliance.
Jio now your world will change with AI and 5G
In the year 2020, Reliance Jio had raised funds of more than Rs 1.5 lakh crore from 13 big investors of the world, including Google, Meta, Saudi Arabia’s Public Investment Fund (PIF) and KKR. Thanks to that huge investment, Jio had become a completely net debt-free company. Today Jio is no longer just a phone calling company, but it is one of the world’s largest platforms in the fields of cloud computing, broadband, enterprise solutions and Artificial Intelligence (AI). In the virtual AGM to be held on June 19 at 2:00 pm, the eyes of common consumers and investors will be on what new announcements Jio makes to take forward its digital and AI business.
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money-related decisions.
