Reliance Jio IPO News: Reliance Industries CMD Mr. Mukesh Ambani, the richest man in Asia is gearing up to launch India’s Biggest Ever IPO. In 2019, Mukesh Ambani gave hints about launching two of their subsidiaries including Reliance Jio and Reliance Retail on the stock exchange.
Reliance Jio recently increased its mobile tariffs on both postpaid and prepaid plans this year. As the company looks to expand its 5G business in India, it is likely the company could launch its most awaited IPO in 2025.
Reliance Jio IPO News
According to some analysts and market experts, the country’s biggest IPO of the largest Telecom Company is expected to be launched next year on the BSE and NSE platforms. With the company increasing its tariffs and expansion of 5G operation in India is a clear indication of bringing an IPO. This hike will bring confidence among the existing Investors also attract new investors.
Let us tell you that the company’s 5G services numbers and revenue has increased after the tariff hikes. In addition, the Jio fibre Subscription is increasing gradually which will definitely drive more revenue for the company. According to some reports, Jio Fibre connection has gone upto 2.8 million within just two years after launching.
Brokerage firm Jefferies said that, Investors should keep an eye on the further development of Jio. It is expected that the company will make a huge announcement in the upcoming days.
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Reliance Jio IPO Date
Reliance Jio IPO is Expected to launch in second or third quarter of 2025 according to multiple reports however, the exact date has not been announced yet.
Reliance Jio IPO Valuation
According to the brokerage firm Jefferies, the company’s valuation has increased to Rs 11,11 lakh crores after the tariff hikes in July. According to the current rules, companies that’s valuation worth more than 1 lakh crores must sell at least 5% stake in an IPO. According to this rule, Jio could sell Rs 55,000 crore worth shares in the IPO. This means it will be India’s Biggest Ever IPO in India after LIC. Let us tell you that LIC issued an IPO worth 21,000 crore.
Tariffs increased
Reliance has 40% of mobile market share in India according to Telecom Regulatory Authority of India (TRAI) .According to market experts, the IPO of Jio will come with an improved financial situation as the recent hike in tariffs will generate huge revenue for the company. Some Experts even expect another Tariff rise by next year. If this happens then, Jio’s profit and revenue will grow by 18-26%. This year, the company’s ARPU increased 7.4% in Q2 to Rs 195.10
Reliance Industries Share Price
The shares of Reliance Industries Ltd closed at Rs 1,323.30 with on Tuesday, December 3 nad it’s currently trading at Rs 1,314.10. Reliance Industries shares has a 52-week high of Rs 1,608.80. At the same time, the stock has a 52-week low of 1,199.30. Shares of RIL have delivered only 8.59% returns in the last one year. Earlier in November, the company issued bonus to Shareholders at a ratio of 1:1.
Jio Finance Share Price
The shares of jio finance currently trading at Rs 344.50 with a marginal gain of 1.22% on Tuesday, December 4. The 52-week high of the stock is Rs 394.70. At the same time, the 52-week low is Rs 227.90. Jio finance finance shares have delivered only 49.74% returns in the last one year.
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