Jio IPO May Trigger Tariff Hike by Year-End: Analysts

Reliance Industries’ intention to list its digital services arm Jio Platforms (JPL) in the first half of 2026 accelerates the possibility of another round of tariff hikes by the end of 2025, analysts said.

- URVI MALVANIA

The company, which houses the conglomerate’s telecom business under Jio Infocomm, will reportedly look to raise around ₹50,000 crore through its initial public offering.

“As it gears up for the IPO, Jio will look to lift its Arpu (average revenue per user) and revenue metrics, which means the possibility of a tariff hike in November-December this year is high,” an analyst with a leading brokerage said.

Of the past three tariff hikes taken by private Indian telcos, two have come at the end of the festive season — in November or December, while the latest one in 2024 was affected in July.