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Reliance Jio IPO set for 2025, retail arm to make debut much later

VCCircle

VCCircle · 9m ago

Reliance Jio IPO set for 2025, retail arm to make debut much later

Indian billionaire Mukesh Ambani plans to list his telecom business, Reliance Jio, in 2025, while the IPO for his retail unit will come later, according to sources. Ambani, the chairman of Reliance Industries, had previously stated that both businesses would move towards an IPO within five years. The sources said the company aims to address internal challenges and achieve stability in its retail unit before going public. The Reliance Jio IPO, slated to be India's largest to date, is expected to value the company at around $112bn.

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Reliance AGM 2025 Key Highlights: Mukesh Ambani set to address shareholders

Economic Times

Economic Times · 2h ago

Reliance AGM 2025 Key Highlights: Mukesh Ambani set to address shareholders

At the Reliance Industries AGM 2025, Chairman Mukesh Ambani highlighted the company's significant contributions to India's economy and detailed its performance. Key developments include the IPO announcements of Jio and Reliance Retail, with both sectors expected to double their growth in three to four years. For FY25, Reliance Retail reported impressive revenues driven by strategic partnerships, while Jio significantly expanded its 5G subscriber base. The oil-to-chemicals vertical saw a revenue increase, and the Oil and Gas segment achieved record high revenues and EBITDA.

Reliance AGM 2024 Live Updates: Mukesh Ambani’s speech at RIL AGM in focus

Livemint

Livemint · 1y ago

Reliance AGM 2024 Live Updates: Mukesh Ambani’s speech at RIL AGM in focus

Reliance Industries Limited (RIL) is holding its annual general meeting (AGM) today, where Chairman Mukesh Ambani is expected to make key announcements. This includes providing a timeline for the listing of Reliance Retail and Reliance Jio Initial Public Offerings (IPOs). The AGM, attended by 3.5 million shareholders, is set for August 29, 2024, starting at 2:00 PM.

Ambani's Reliance Jio delays India IPO, 2025 listing not on cards: Sources

Economic Times

Economic Times · 1m ago

Ambani's Reliance Jio delays India IPO, 2025 listing not on cards: Sources

Reliance Jio Platforms, led by Mukesh Ambani, has postponed its much-anticipated IPO planned for 2023 to possibly 2025. The delay aims to strengthen its business and boost valuation beyond $100 billion amid industry competition and challenges, including subscriber churn due to tariff hikes. Jio wants to enhance revenues, expand digital offerings, and establish a more mature business model. The decision comes amid a robust IPO market in India, and investors remain optimistic.

Reliance's Jio Financial falls 5% in market debut, valued at $19 bln

Reuters · 2y ago

Reliance's Jio Financial falls 5% in market debut, valued at $19 bln

Shares of India's Jio Financial Services (JFS) , carved out of billionaire Mukesh Ambani-led Reliance Industries , fell as much as 5% in their trading debut on Monday, valuing the company at 1.58 trillion rupees ($19 billion).

Mukesh Ambani's Jio Infocomm may see public listing first, says report

Livemint

Livemint · 1y ago

Mukesh Ambani's Jio Infocomm may see public listing first, says report

According to a report by the Hindu Businessline, there are discussions within Reliance Industries about which business will go public first. It is likely that Reliance Jio Infocomm, the telecom subsidiary, will be the first to make its debut on the public markets. Top officials reportedly view Jio as a more "mature" business. The potential IPO is estimated to have a valuation of around $100 billion, with an expected share price of ₹1,200 per share. Jio's recent focus on 5G and the opportunity for investors to exit are influencing this decision.

Jio Financial Q3 Results LIVE: Reliance's NBFC to announce results today

Livemint

Livemint · 1y ago

Jio Financial Q3 Results LIVE: Reliance's NBFC to announce results today

Jio Financial Services, a non-banking financial institution of Reliance Industries, is set to announce its quarterly results for the first nine months of the fiscal year. In the previous quarter, JFS witnessed a significant increase in profit, totaling ₹668 crore, attributable to interest and dividend income. Having become an independent entity from Reliance Industries in 2023, JFS made its debut on stock exchanges in August that year.

Reliance’s workforce drops by 42,052 in FY24, retail leads the way | Mint

Livemint

Livemint · 1y ago

Reliance’s workforce drops by 42,052 in FY24, retail leads the way | Mint

Reliance Industries, led by Mukesh Ambani, witnessed a decline in its workforce by 42,052 employees in FY24. However, the company stated that voluntary separations were lower compared to the previous year. Reliance Retail accounted for the majority of the reduced headcount. The company highlighted the challenge of finding trained manpower to support growth in its retail arm. The report also mentioned a shift towards commission-based job roles in the workforce of Jio, the telecom division of Reliance. The conglomerate hired 1.71 lakh new employees, and over half of the workforce was below the age of 30.

RIL AGM today: Timing, when and where to watch livestream and more details | Mint

Livemint

Livemint · 1y ago

RIL AGM today: Timing, when and where to watch livestream and more details | Mint

Reliance Industries (RIL) will hold its 47th Annual General Meeting (AGM) virtually today, August 29. RIL Chairman, Mukesh Ambani, is expected to address shareholders and outline the company's achievements, future strategies, and potentially unveil major initiatives. The AGM will determine shareholder eligibility for the FY24 dividend, if declared, and is generating significant interest among investors and industry analysts. The event will be live-streamed on various platforms, including JioMeet, YouTube, Facebook, and Twitter. Market expectations include potential announcements regarding Reliance Jio IPO and Reliance Retail IPO.

Reliance Jio Could List At $112 Bn Valuation In 2025: Jefferies

Inc42 · 1y ago

Reliance Jio Could List At $112 Bn Valuation In 2025: Jefferies

Jio, the telecom company owned by Reliance Industries Limited (RIL), could potentially go public in 2025 through an IPO or spin-off, according to Jefferies. The brokerage suggests that a spin-off is more likely, as both domestic and foreign investors prefer this route. If Jio is spun off, Jefferies estimates a fair value for RIL of INR 3,580. However, if an IPO takes place, the fair value would decrease to INR 3,365 in the base case scenario.

Sanstar IPO: Stock likely to debut with 25-30% gains on July 26

Money Control

Money Control · 1y ago

Sanstar IPO: Stock likely to debut with 25-30% gains on July 26

Indian plant-based products manufacturer, Sanstar, is set to make its stock market debut with a 25-30% premium over its issue price of Rs 95 per share. Despite slightly expensive valuations, the initial public offering (IPO) was oversubscribed 83 times, with institutional and retail investors playing a significant role. Analysts expect a listing gain of 22-25% based on the strong demand and the company's unique position in the maize-based specialty products industry. Sanstar plans to use the IPO proceeds for facility expansion and debt repayment.

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