reliance A big update has come regarding the IPO of Indian telecom company Jio. India’s richest man Mukesh Ambani can launch Jio’s IPO next year i.e. in 2025. According to experts, the valuation of Jio is more than 100 billion dollars. However, there may be a long wait for the IPO of Reliance Retail. According to a report by Reuters, two sources having knowledge of the matter have given this information.
Situation not clear regarding Reliance Retail’s IPO
Mukesh Ambani had said in the year 2019 that Reliance Jio and Reliance Retail will take steps to get listed in the stock market in the next 5 years. However, after that there has been no official update from Mukesh Ambani regarding the IPO launch of both the companies. Sources say that Reliance is working on a plan to launch Jio’s IPO in the year 2025. Sources also said that even after 2025, the situation regarding the IPO of Reliance Retail is not clear because the retail business has to find a solution to its internal business and operational challenges.
According to Jefferies, IPO could be worth $112 billion.
According to Reuters, sources say that no internal decision has been taken yet on the valuation of Reliance Jio and bankers have not been appointed yet, but in July, Jefferies had estimated that the estimated valuation of Reliance Jio’s IPO would be Rs 112. Could be billions of dollars.
Jio can launch the biggest IPO in the history of India
Reliance Jio’s IPO could be the largest IPO in India’s history, surpassing Hyundai Motor India’s record $3.3 billion IPO this year. However, sources have also said that there may be a change in the timeline of Jio’s IPO.
