Reliance Jio IPO Coming Soon
Here are all the details you want to know
I recently covered Reliance's December quarter results and mentioned that there were no updates on the Jio IPO - something I was really looking forward to.
However, there has been an update now, and I thought to share it with everyone.
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Reliance Jio IPO
At Reliance Jio Infocomm’s post-earnings conference call, Anshuman Thakur, head of strategy, said preparatory work for the IPO is already in progress, though the company will move to execution only after regulatory clarity. He noted that Jio is working on the assumption that the framework will align with Sebi’s recommendations, but the process can be formally kicked off only once those are notified. Thakur added that the listing is imminent and could happen within the next few months.
This was on 16th January.
Reliance Jio Latest Updates
As per the TOI Article on 20th January, Jio Platforms has shortlisted Morgan Stanley and Goldman Sachs as lead bankers for its proposed IPO, according to people familiar with the development. Based on analyst estimates, the listing could value India’s largest telecom operator in the range of $133 billion to $182 billion.
The telecom and digital arm of Reliance Industries is prepared to file its draft red herring prospectus once the finance ministry approves Sebi’s proposal to permit a 2.5% public float for large IPOs.
The IPO structure is expected to be evenly split between fresh issuance and secondary share sales. Private equity investors such as KKR, TPG, Silver Lake, and Vista Partners are likely to pare their stakes. Strategic investors Google (7.75%) and Meta (9.99%) are expected to hold on to their shareholding, while Intel, which owns about 0.7%, may explore a partial exit, according to industry executives and analysts.
Reliance Jio IPO Valuation
Following Jio’s third-quarter results, Jefferies raised its enterprise valuation estimate to $180 billion. Motilal Oswal Financial Services values the company at $148 billion, while IIFL has maintained its estimate at $133 billion. Kotak Institutional Equities has pegged Jio’s valuation at Rs 11.59 lakh crore.
FAQs
Q1: When will the Reliance Jio IPO be launched?
A1: As per reports, the Reliance Jio IPO should be live in Q1FY27.
Q2: What will be the valuation of the Reliance IPO?
A2:Jefferies raised its enterprise valuation estimate to $180 billion. Motilal Oswal Financial Services values the company at $148 billion,
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