Reliance Jio, India’s top telecom company led by billionaire Mukesh Ambani, is planning to launch its initial public offering (IPO) in 2025, according to sources close to the company. This decision comes after Ambani’s 2019 statement that Reliance Jio and Reliance Retail would go public within five years.
Reliance Jio is now confident it has a stable business and strong revenue, with 479 million subscribers across India. Analysts estimate Jio’s value at over $100 billion, and the company aims to make this IPO the biggest in India’s history, surpassing Hyundai India’s $3.3 billion IPO from earlier this year.
Key Details About the Reliance Jio IPO
Expected Launch Date:
The IPO is likely set for 2025, although this date could change depending on market conditions.
Valuation:
Experts estimate Jio’s value at over $100 billion. A report by Jefferies in July valued the IPO at around $112 billion, though a final figure is yet to be confirmed, and investment bankers haven’t been chosen yet.
IPO Size:
Jio’s IPO could be the largest in India’s history. For highly valued companies (worth ₹1 lakh crore or more), Indian rules require at least 5% of shares to be sold to the public. Based on Jefferies’ valuation, Jio’s IPO could raise about $5.6 billion (₹47,108 crore) at current exchange rates.
Reliance Retail IPO: Expected After 2025
While Jio’s IPO plans are moving forward, Reliance Retail’s IPO is likely to come later, after 2025. The retail division is currently working through internal matters, and no exact timeline has been set for its listing.
