ipo

Reliance Jio IPO expected to launch in Indian stock market by 2025

by Psu Connect
Date: 05-11-24

The sources mentioned that Reliance has now solidified its plans for the Jio IPO to take place in 2025, as the company believes it has established a stable business and revenue stream, solidifying its position as India’s leading telecom provider.

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, is reportedly aiming to list the group’s telecom business, Jio, in the Indian stock market next year. According to a report, that cites two informed sources, Jio is currently valued by analysts at over USD 100 billion.

The report suggests that although the IPO for Reliance Jio is forthcoming, the launch of the retail unit’s IPO is expected to take place "much later." Ambani has not provided any updates on the IPO timelines since he mentioned in 2019 that both Reliance Jio and Reliance Retail would aim to list within five years.

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The sources mentioned that Reliance has now solidified its plans for the Jio IPO to take place in 2025, as the company believes it has established a stable business and revenue stream, solidifying its position as India’s leading telecom provider. In contrast, the retail business IPO is not expected until after 2025, according to one of the sources.

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