Jio's Rs 30,000 cr IPO to anchor 80% of RIL's incremental EBITDA over FY26-28
Reliance Jio's DRHP filing for a Rs 30,000 crore IPO sets up digital services as the primary growth engine for parent RIL, with Motilal Oswal pegging JPL EV at Rs 12 lakh crore. Quick-commerce ramp at Reliance Retail and FMCG optionality flagged as additional triggers; FY26 revenue seen at Rs 1.47 lakh crore (+14.6%), PAT at Rs 30,000 crore. TP Rs 1,655.
Reliance Jio files DRHP for Rs 30,000 crore IPO; Motilal Oswal sees digital services driving 80% of RIL's incremental EBITDA over FY26-28, with quick-commerce ramp at Reliance Retail and FMCG optionality as key triggers.