Jio Platforms IPO Plans Await Regulatory Clarity on New Listing Rules

Jio Platforms, an end-to-end 5G solutions provider, is preparing for its much-anticipated public listing but is currently waiting for final guidelines from the government. The company is seeking clarity on recommendations made by the Securities and Exchange Board of India (SEBI) before moving ahead with the IPO process. These guidelines are expected to shape how very large companies approach public listings in the future.

SEBI Eases IPO Norms for Large Companies

In September, SEBI relaxed IPO norms for companies with very large market capitalisation. Under the revised framework, firms valued above ₹1 lakh crore are required to dilute only 2.75% of their equity, instead of the earlier 5%. 

For companies with a market capitalisation exceeding ₹5 lakh crore, the minimum dilution requirement has been reduced further to 2.5%.

SEBI has also extended the timeline for such companies to meet the 25% minimum public shareholding requirement, allowing up to 10 years. These changes are designed to make it easier for large and strategically important firms to access public markets without excessive equity dilution.

Jio Platforms IPO Listing Timeline 

Jio Platforms is working internally on its IPO plans and is assuming that the final government notification will broadly follow SEBI’s recommendations. However, the company plans to wait for official confirmation before finalising details and starting the listing process.

Jio Platforms Financial Performance in Q3 FY26

Jio Platforms reported solid financial performance in the third quarter of the current fiscal year. Consolidated net profit rose by 11.2 per cent year-on-year to ₹7,629 crore, compared with ₹6,861 crore in the same quarter last year. Revenue from operations increased by 12.7 per cent to ₹37,262 crore, up from ₹33,074 crore a year earlier.

Operational metrics also showed improvement. Average revenue per user increased to ₹213.7 per month, supported by higher customer engagement. This growth was partly offset by promotional offers related to unlimited 5G and fixed broadband services.

Growth in 5G adoption

Jio’s 5G expansion continued at a strong pace. The company’s total 5G subscriber base reached 253 million as of December 2025. Notably, 5G services now account for 53 per cent of total wireless data traffic, highlighting rapid adoption and growing reliance on next-generation connectivity.

Read more: Adani Power Share Price Performance Defies Rivals in 2025 As BSE Power Index Falls Nearly 14%.

Conclusion

Jio Platforms’ IPO plans are progressing steadily, but final execution depends on regulatory clarity around SEBI’s revised listing norms. With strong financial growth, rising ARPU and rapid 5G adoption, the company appears well-positioned for a major market debut in 2026. Investor focus is likely to remain on regulatory developments, valuation expectations and the final IPO structure.

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