Overview
- Jio filed a red herring and on Thursday set a price band of Rs 1,065–1,119 per share for a sale of up to 27 crore new shares that could raise about Rs 30,213 crore and imply a valuation near Rs 10.3 lakh crore.
- The company presented itself as an end‑to‑end technology owner, saying it has built an in‑house stack across networks, devices and apps and has filed 7,220 patents that it says place it among the top 20 filers globally.
- Jio reported 533.3 million customers and 284.9 million on 5G, strong FY26 results with EBITDA of about Rs 76,225 crore and a rising ARPU of Rs 215.6, which the company uses to argue it can scale higher‑value services.
- Executives told investors they will prioritise monetising customers through paid services at home and managed‑service deals abroad while keeping tariff increases as an optional revenue lever and saying "there’s certainly surplus on the table."
- Proceeds will be used to prepay Reliance Jio Infocomm borrowings and for corporate needs, Reliance Industries will remain the majority owner at about 66.43%, and market reaction will hinge on Jio’s ability to lift ARPU and sign its first overseas managed‑service clients.