Mukesh Ambani never fails to surprise us, whether it’s a business or wedding, his grand appearance is enough. Now he is again in the news but this time it is good news for investors. Mukesh Ambani’s Reliance Jio IPO is all set for 2025. It could be India’s biggest ever IPO.
Reliance Jio IPO Set For 2025!
Reliance Chairman Mr. Mukesh Ambani is planning to list the telecom giant, Jio which is valued at $ 100 billion. He also plans to launch the IPO of his retail unit much later as per Reuters report. Mukesh Ambani committed in 2019 and now he is fulfilling that. The commitment was to enter Reliance Jio and Reliance Retail in the public market. Now, he has started up with the listing. The news has excited many investors.
Talking about the investment, Reliance Jio and Reliance Retail have raised $ 25 billion from investors like Abu Dhabi Investment Authority, KKR, and General Atlantic bringing the valuation up to USD 100 billion.
When Will Reliance Jio IPO Go Live?
Reliance is planning to launch Reliance Jio IPO in 2025. Reliance Jio is the top telecom provider with 479 million subscribers. Hence the company has a good revenue stream.
Though, nothing is clear about the Reliance Retail IPO, as we are expecting it later in 2025. The business is facing internal and operational issues. Hence, it might happen later in 2025 after resolving all of them.
According to insiders, there are no decisions yet regarding Reliance Jio’s valuation and no bankers have been engaged up to now. However, Jefferies, in July, still valued the Jio IPO at $112 billion. Reliance has its sights set on the Jio IPO in 2025 where it has the potential to beat Hyundai India’s record IPO of $3.3billion earlier this year.
The Indian markets hit record highs this year. As of October 2024, about 270 firms successfully gathered an impressive USD 12.58 billion through their Indian IPOs. The numbers have already outclassed the full-year total of $7.42 billion amassed back in 2023.
Follow Us: Facebook | Instagram | X |
Youtube | Pinterest | Google News |
Entertales is on YouTube; click here to subscribe for the latest videos and updates.
