Reliance Jio IPO Planned for 2025, Retail Listing to Follow Later, Sources Reveal
It is reported that preparations are being made to register another company from Reliance Industries in the stock exchanges. It seems that Reliance Jio, which is at the top in terms of number of domestic telecom users, will have its first public offering (IPO) next year.
The company's value is Rs. 9,40,000 crores followed by Reliance Retail listing.
Reports suggest that Reliance Industries is preparing to list another company on the stock exchanges. It appears that Reliance Jio, the leading telecom provider in terms of domestic users, is set to launch its first public offering (IPO) next year. Only after Jio's IPO will Reliance Retail follow suit, according to reliable sources cited by Reuters.
In 2019, Reliance Industries Chairman Mukesh Ambani announced plans for Jio and Reliance Retail to take steps toward an IPO within five years. Ambani has raised around $25 billion (approximately ₹2.10 lakh crore) from global investors like KKR, General Atlantic, and the Abu Dhabi Investment Authority to support digital-telecom and retail growth. At the time of these investments, the combined valuation of these two segments was $100 billion (about ₹8.40 lakh crore). Currently, foreign investors hold a 33% stake in Jio Platforms and a 12% stake in Reliance Retail.
Jio's Current Valuation:
Should Elon Musk's Starlink begin satellite internet services in India, Jio will face direct competition. As for Jio's valuation, an internal decision is reportedly still pending, and merchant bankers have not been appointed. However, a July estimate from Jefferies valued Jio at approximately $112 billion (around ₹9.40 lakh crore) for a potential IPO.
Separate IPO for Retail:
Reliance reportedly aims to avoid listing Jio and Reliance Retail in the same year, as two major IPOs in quick succession could impact market stability. The company intends to address operational aspects before launching the IPO. Reliance Retail, which operates in fashion, essentials, and electronics, has rapidly expanded into e-commerce and quick commerce, while also acquiring several international brands. According to Bernstein's estimates last year, Reliance Retail was valued at approximately $112 billion (around ₹9.40 lakh crore).
