Reliance jio news: The country’s largest telecommunications company Reliance Jio’s first initial public issue (IPO) in the first half of next year may be India’s largest IPO. Addressing the annual general meeting of Reliance Industries, Chairman Mukesh Ambani said that Jio has targeted to be listed by June 2026. He said, Jio is making all the necessary preparations for its IPO and we intend to bring it to the first half of 2026. This IPO is coming at a time when there is a strong interest from companies and investors from various sectors in the primary market.
Reliance Jio can prove to be the biggest IPO in the country so far. Hyundai Motor India has so far been the largest IPO in India, which raised Rs 27,870 crore (about $ 3.3 billion) in October 2024. Earlier in May 2022, Life Insurance Corporation of India (LIC) came to an IPO of Rs 21,000 crore.
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Other major IPOs include Rs 18,300 crore from Paytm (One 97 Communications), Rs 15,199 crore of Coal, Rs 11,563 crore for Reliance Power and Rs 11,176 crore from General Insurance Corporation of India. Market experts estimate that about 10 percent of Jio’s IPO can be sold publicly. Reliance Industries currently holds 66.3 percent stake in Jio platforms.
Apart from this, Meta has 10 percent, Google 7.7 percent and private equity investors have about 16 percent stake. Analysts have estimated the enterprise price of Jio to $ 136 to $ 154 billion. In a report released in April this year, analyst firm Jefferies increased the evaluation of Jio to $ 136 billion.
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Ambani said that in the 10th year of its establishment, Jio has crossed the figure of more than 50 crore customers. This IPO is coming at a time when there is a strong interest from companies and investors from various sectors in the primary market.
So far this year, 50 companies have been listed in the stock market, out of which only a dozen companies have knocked in the capital market in August. Major companies in the primary market include Tata Capital, Grow, Boat, Physicswala, Jepto and Oyo. (Input agency)
Edited by: Chetan Gour
