Jio Platforms Gets Markets Regulator's Approval For $3.8-Billion IPO
The public offering comes as India's primary market has remained active.
National · 25 updates
The public offering comes as India's primary market has remained active.
Jio Platforms Ltd, the digital holding company of Reliance Industries that houses Reliance Jio Infocomm, is putting the finishing touches on its much-awaited initial public offering (IPO), which could open for subscription on October 21, according to a report by CNBC TV-18.The IPO is expected to remain open until October 23, with the anchor book likely to open on October 19. The shares are targeted to list on the stock exchanges on October 28, although the timeline remains subject to market conditions and could change depending on developments in financial markets, the report added.The company
Jio Platforms is preparing for its stock market debut with an estimated issue size of $3.8 billion, which could set records. The IPO aims for a valuation of $143-146 billion, with filings expected in mid-October. Reliance Jio’s expansion includes telecom, cloud, AI, and services, reporting significant financial growth recently. Past investors include tech giants like Meta and Google, contributing substantial capital to the company.
Mukesh Ambani's Jio Platforms is preparing for a significant IPO to raise approximately $3.8 billion. The IPO is expected to open on October 21 and shares will debut on October 28. This IPO aims to reduce debt and will involve a fresh issue of equity shares. Jio Platforms seeks a valuation between $143 billion and $146 billion through this offering. Reliance Industries, owning about 66.
New Delhi | Mumbai: Jio Platforms is set to launch what could be India's largest initial public offering (IPO) ever, with the Mukesh Ambani-led company planning an issue estimated at $4 billion, or ₹37,700 crore, around Dussehra, people familiar with the development told ET.The company is expected to file its red herring prospectus (RHP) after October 12, with the IPO likely to carry a price band of ₹1,150-1,220 per share, the people said.134720438The anchor book is expected to open on October 19, followed by the public issue opening for subscription on October 21. The issue is likely to close
Jio is seeking a valuation of $114 billion (Rs 11 Lakh Crore) in its IPO.
Reliance Jio Platforms IPO Dates Announced, AI Course in 12 Languages & Growth Vision
Shares of Mukesh Ambani-led Reliance Industries gained 3% to Rs 1,207 on the BSE on Thursday following its subsidiary Jio Platforms' announcement of details for what is set to become India's largest initial public offering (IPO).Jio Platforms said on Wednesday evening that it would issue 27 crore shares through the IPO, which will comprise an entirely fresh issue with no Offer For Sale (OFS) component. The price band has been set at Rs 1,065 to Rs 1,119 per share. At the upper end of the band, the issue is valued at Rs 30,213 crore, surpassing Hyundai Motor India's Rs 27,870 crore IPO in 2024,
Jio Platforms IPO: Record ₹30,000 Cr Issue, ₹1,065-1,119 Price Band & Oct 21 Launch
Mumbai: Jio Platforms has drawn interest from several global institutional investors, including sovereign wealth funds and leading asset managers such as Allianz and BlackRock, for the anchor book in its proposed ₹30,188-crore initial public offering (IPO) that is set to be the largest in India's history, people familiar with the matter told ET.Investors that have shown interest in the anchor book include the Government of Singapore Investment Corporation (GIC), Fidelity, Norway's Government Pension Fund Global, New World Fund Inc and Smallcap World Fund Inc, besides those cited above, the peo
Jio Platforms is set for India’s largest ever IPO, worth up to Rs 30,213 crore. After listing, it is likely to enter the top five companies by market value.134979585Its filings show Jio is India’s biggest telecom network by customers and data use, but trails Bharti Airtel on revenue per user, margins and customer additions. Its broadband market share has recently slipped below the 50% mark. On the plus side, Jio’s debt has fallen sharply. Tanay Sukumar and Anna Jijo look at the data.Also read: Jio’s mega IPO draws strong interest from global funds134979587
A clutch of shareholders in IPO-bound Jio Platforms, including Meta, Google, Saudi Arabia’s Public Investment Fund, Vista Equity Partners, Silver Lake Partners and General Atlantic, have seen the value of their investments more than double over the past six years.Meta-backed Jaadhu Holdings, which acquired a 9.98% stake in Jio Platforms for around Rs 43,574 crore in 2020, now holds shares valued at around Rs 99,846 crore at the IPO price. Google, which invested around Rs 33,737 crore for a 7.73% stake, has seen the value of its holding rise to around Rs 77,307 crore.Read more: Where Jio stands
Reliance Gears Up For Record Jio IPO, Targets 4.2 Lakh Staff & ₹30,200 Cr
Jio Platforms’ Rs 30,200 crore initial public offering (IPO) is attracting a grey market premium of Rs 221, implying a potential listing gain of nearly 20% over the upper end of its price band. The strong demand ahead of the issue has also been accompanied by subscription recommendations from brokerages, which cite the company’s market leadership, pricing power and multiple avenues for growth.The IPO is priced at Rs 1,065-1,119 per share and will open on October 21, closing on October 23. At the upper end of the price band, the grey market premium points to an indicative listing price of Rs 1,