Reliance Jio IPO: No Immediate Plans Amid 5G Expansion Focus

Prime Highlights:

Reliance Jio’s Strategy Head Anshuman Thakur said there is no IPO launch announcement as yet, with market growth being the focus of the moment.

Reliance Jio posted a 26% rise in net profit to ₹7,022 crore in January–March 2025 quarter.

Key Facts:

Reliance Jio’s revenue was up 18% to ₹33,986 crore in Q4 FY25.

Average Revenue Per User (ARPU) for the quarter stood at ₹206.2.

Reports suggest Reliance Jio’s IPO could raise between ₹35,000–40,000 crore.

Key Background :

Reliance Jio, a telecom giant under Mukesh Ambani’s Reliance Industries Limited (RIL), has been at the center of IPO speculation ever since the demerger of Jio Financial Services. Latest quarterly earnings releases have added to the buzz, with Jio posting a robust 26% growth in net profit during the January–March 2025 quarter at ₹7,022 crore. Topline too registered strong growth to ₹33,986 crore, up 18% from the corresponding quarter the previous year. Jio’s ARPU for Q4 was also at ₹206.2, reflecting good customer engagement and monetization.

Despite such financial resilience and increasing eagerness on Dalal Street, Anshuman Thakur, Reliance Jio’s Head of Strategy, made clear in the firm’s Q4 earnings call that there is no word on the cards for a short-term IPO announcement. Thakur reaffirmed that currently the company has other priorities to add more users on its 5G and strengthen market push rather than putting any emphasis on listing activities. His words hinted that any IPO-related decision will be made loud and clear at the right moment.

Previous reports, including that of The Hindu Business Line, had speculated that Reliance Jio’s IPO would be India’s biggest, raising anywhere between ₹35,000 crore and ₹40,000 crore. Experts also forecast a valuation of nearly $112 billion based on last year’s estimates by international investment banking firm Jefferies. Official confirmations are still awaited, keeping investors and observers in the dark.

Since its release in 2016, Reliance Jio has quickly altered the Indian telephony landscape, emerging as India’s largest telephony provider and second-largest telecom operator in one market worldwide. Owing to its market strength and financial depth, an IPO will certainly represent an historic occasion for India’s capital markets when the time arrives. For the present, Jio seems contented with firming up leadership within the 5G sector ahead of a leap into the IPO process.