Reliance Jio IPO: There is big news for investors waiting for Reliance Jio Infocomm’s IPO. Reliance Jio Infocomm’s IPO may come in the year 2025. India and Asia’s richest man and Reliance Industries Chairman Mukesh Ambani may bring the initial public offer of his telecommunication company Reliance Jio next year, 2025. According to the news agency Reuters, this information has been received, and no official announcement has been made yet, but crores of investors are waiting for this announcement.
Reliance Jio’s Market Value Is $100 Billion.
Reliance Jio’s market value may be around Rs 8.4 lakh crore or $100 billion. When its IPO comes, it will be India’s largest IPO. Reliance Jio has about 47.9 crore subscribers, making it India’s largest telecom company with the most subscribers. The company’s main competition is Bharti Airtel.
Reliance Jio IPO Awaited For 5 Years
Investors have been waiting for the IPO of Reliance Jio Infocomm, the largest company providing telephone, broadband services, and digital services in India, for five years. Mukesh Ambani announced in the Annual General Meeting (Reliance AGM) of Reliance Industries in 2019 that he intends to list his telecommunication and retail companies in the stock market in the next five years.
In What Ways Can Reliance Jio’s IPO Come
According to a CNBC TV-18 report, Reliance Jio’s IPO can take two forms. In the first method, Reliance Jio can be listed in the stock market under the price discovery system after being separated from Reliance Industries through a spin-off. In the second method, the entire IPO can be an offer-for-sale, and in this, minority shareholders can sell their stake, i.e., part of Reliance Jio. Reliance Jio will move on the IPO route with 47.9 crore subscribers.
What Is The Update On Reliance Retail Ventures IPO
Along with Reliance Jio’s IPO, Reliance Retail Ventures Limited (RRVL)’s IPO was also expected. However, Reliance Retail’s IPO may not come with Reliance Jio but next year. After resolving some selected operational issues of Reliance Retail, its IPO will enter the Indian market.
