Reliance Industries is preparing to launch the IPO of its digital arm, Jio Platforms (JPL), in the first half of 2026. Analysts believe this move could accelerate a Jio Platforms IPO tariff hike by the end of 2025, most likely in November or December.
Jio Platforms, which owns Reliance Jio Infocomm, plans to raise nearly ₹50,000 crore through the IPO. To strengthen investor confidence, the company wants to increase its average revenue per user (Arpu) and improve overall financial performance. Analysts say a Jio Platforms IPO tariff hike could help boost return on capital employed (RoCE) from single digits to 12–13%, making it more attractive before the listing.
In the past, telecom operators often raised tariffs after the festive season. Two of the last three hikes came in November or December, while the most recent was in July 2024. With the effects of that hike fading, experts see the timing as ideal.
Brokerage reports highlight that Jio is in a strong position for the IPO. Lower capex in coming years and higher free cash flows will support growth. Jio’s expansion into AI Cloud, IoT, and enterprise services will also push valuation estimates to ₹10–12 lakh crore.
