Reliance Industries Chairman and Managing Director Mukesh Ambani may soon give a big update regarding the much-awaited IPO of Jio. Important information on Jio’s IPO can be shared in the company’s annual general meeting (AGM) to be held on June 19. The company said in its stock exchange filing that the AGM will be held on June 19 at 2 pm through video conferencing and other audio-visual means. The cut-off date for shareholders eligible to vote in the AGM has been fixed as June 12.
Information regarding Jio IPO till now
India’s largest telecom company Jio Platforms has been preparing for a big IPO for a long time. According to reports, this IPO can raise about 4 billion dollars i.e. about 33 thousand crore rupees. A report in May said that Reliance Industries is making changes in the listing structure of Jio. Earlier the company was preparing to launch an IPO through Offer for Sale (OFS), but now it can be made a completely fresh issue.
It is being told that the existing investors want to keep the IPO price high, while the company believes that keeping the price too high may cause loss to retail investors on the day of listing. According to the report, Mukesh Ambani’s priority since the beginning has been to protect the interests of small investors. If the IPO comes as a fresh issue, then the amount received from it will go directly to the company. According to the report, about Rs 25 thousand crore can be used to repay the loan, while the remaining amount will be used for other needs of the company.
Jio’s business continues to strengthen
According to the FY26 annual report of Reliance Industries, Jio Platforms has further increased its strong hold in India’s digital ecosystem. The company said that the business has strengthened due to the adoption of 5G, increasing ARPU and increasing demand for broadband services.
According to the company, Jio is now moving towards becoming not just a telecom company but a global technology leader. The company is focusing on expansion in connectivity, artificial intelligence, cloud and digital services.
Great performance in March quarter
Jio Platforms’ operating income increased by 13% to Rs 44,928 crore in the fourth quarter of FY26. The company’s profit also increased by 13% to Rs 7,935 crore. Jio’s ARPU i.e. average earning per customer increased to Rs 214. Whereas per capita data usage was 42.3 GB per month and total data traffic registered an increase of about 35% on annual basis.
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