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Initial public offerings

Reliance Jio Infocomm Prepares for Potential $133 Billion IPO

Strategic Insights

— 1 min read

Reliance Jio Infocomm, led by billionaire Mukesh Ambani, is gearing up for a potential initial public offering (IPO) that could be the largest in Indian history, according to a July 5 report by the Economic Times. The move comes as the company takes the lead in raising mobile tariffs and exploring ways to monetize its 5G business. Analysts expect an IPO to be launched as early as next year, with brokerage firm Jefferies keeping a close eye on developments at Reliance Industries' upcoming Annual General Meeting (AGM).

Key Takeaways:

  • Reliance Jio Infocomm is planning to raise mobile tariffs and explore 5G monetization, indicating preparations for an IPO.
  • The company is valued at around $133 billion (Rs 11.11 lakh-crore) according to Jefferies, making its potential IPO the largest in Indian history.
  • Analysts expect the IPO to be launched as early as next year, with some anticipating it could take place as soon as early 2025.
  • Mayuresh Joshi, head of equity research at the Indian unit of William O' Neil & Co, believes the stage is set for Jio's much-awaited IPO in the near future.
  • Jefferies will be looking out for any developments on Jio's listing at the upcoming RIL AGM.

Statistics:

  • $133 billion (Rs 11.11 lakh-crore): The valuation of Reliance Jio Infocomm, according to Jefferies.
  • 5G: The business area where Jio is exploring monetization opportunities.
  • 2025: The year when analysts expect Jio's IPO to be launched.
  • $11.11 lakh-crore: The valuation of Reliance Jio Infocomm in rupees per Jefferies.

Sources:

  • "Reliance Jio Infocomm taking the lead in raising mobile tariffs and moving to monetise its 5G business could be an indication of the telecom market leader readying for an initial public offering that could be India's largest, analysts said." - Economic Times report dated July 5.
  • "The stage is now set for the telecom market leader's much awaited IPO in the near future," said Mayuresh Joshi, head of equity research at the Indian unit of US-based William O' Neil & Co, as reported by Economic Times.
  • "Rising focus on monetisation could be a precursor to its imminent listing." - Brokerage firm Jefferies

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