Enterprise
oi-Madhuri Adnal
The lengthy awaited Jio Platforms IPO may lastly hit the market this month, with the Reliance backed digital providers firm anticipated to open its public problem after Dussehra and earlier than October 23, in accordance with banking and market sources.
Jio Platforms can be anticipated to finish its anchor investor spherical earlier than Dussehra and could possibly be listed on the inventory exchanges by the top of October.
Reliance’s Jio Platforms plans its IPO earlier than October twenty third, focusing on a USD 143-146 billion valuation and aiming to be India’s largest providing, leveraging its dominant telecom and 5G market place.
The corporate is an enterprise valuation of round USD 143 billion to USD 146 billion, which works out to greater than Rs 12 lakh crore.
Jio Platforms has already taken its IPO pitch to international traders, with roadshows held within the US, UK, Dubai, Hong Kong and Singapore. Akash Ambani, Managing Director of Jio Platforms and Chairman of Reliance Jio, and Isha Ambani, Government Director of Reliance Retail Ventures Ltd, have been concerned within the worldwide investor conferences.
A banking supply mentioned the response from abroad traders has helped assist the anticipated valuation.
“Primarily based on the curiosity acquired from abroad roadshows, Jio Platforms is prone to record at a base enterprise valuation of USD 143 billion to USD 146 billion, or at the least Rs 12 lakh crore, by the top of this month,” the supply mentioned.
Might be India’s greatest IPO
The proposed Jio Platforms problem is anticipated to be the most important public providing in India thus far. The IPO is estimated to be value round USD 3.8 billion.
The corporate can be anticipated to carry roadshows for Indian traders within the week starting October 12, in accordance with an occasion vendor concerned within the course of. That is anticipated to happen after Jio Platforms recordsdata its pink herring prospectus.
27 crore recent shares deliberate
Jio Platforms filed its draft IPO paperwork in June. SEBI issued its closing observations on the proposed problem on August 28, clearing a key step in the direction of the itemizing.
As per the draft prospectus, the corporate plans to problem as much as 27 crore recent fairness shares. The recent problem would account for round 2.9 per cent of the corporate’s fairness after the IPO.
Jio Platforms is the holding firm for Reliance’s digital companies, with Reliance Jio Infocomm forming its foremost telecom enterprise.
Jio’s large subscriber base
Reliance Jio continues to be the dominant participant in India’s telecom market.
The corporate has a 32.89 per cent share of the mounted line market, with round 15.79 crore clients. In cellular providers, it has a 39.29 per cent market share and about 50.6 crore clients.
Jio has additionally constructed one of many world’s largest 5G networks. As of June 2026, it had round 26.85 crore 5G clients, giving it the most important standalone 5G community exterior China.
The corporate can be a serious participant in mounted wi-fi entry, with round 1.5 crore subscribers globally. Its subscriber base within the section is about 1.5 occasions that of US based mostly T Cell, which ranks second.