Asia’s richest businessman Mukesh Ambani’s telecom and digital company Reliance Jio platforms are not coming this year. According to foreign media reports, the IPO of Reliance Jio platforms is likely to be delayed. The company is not bringing its IPO this year. According to experts, the biggest IPO in the telecom world can be. According to sources, Jio with $ 100 billion wants to achieve high revenue and a large customer base for its telecast business, and wants to expand its other digital offers, so that its valuation can increase further before the IPO.
Which focus on live
About 80 per cent of the $ 17.6 billion fresh revenue of Jio platforms came from its telecom business – Reliance Jio Infocomm, which is India’s biggest player. But Ambani is also rapidly expanding its other specific digital businesses, which are the focus on developing apps, connected devices and AI solution for enterprises. Reliance Jio is also ready to compete with Allen Musk, which is expected to start Starlink Internet service in India in the coming months. Jio, whose investors also include Google and Meta, have also partnered with NVDia to develop AI infrastructure.
The announcement was made in 2019
In 2019, Ambani said that Jio will “move” towards listing within five years. And last year, Reuters had reported that Reliance has been targeting to list the Jio platforms in Mumbai in 2025, and has targeted to make it the biggest IPO of India so far. The first source said that Jio (IPO) is not going to happen this year, it is not possible. The company wants business to be more matured. Both sources who refused to not reveal the identity as the strategy being confidential said that Reliance has not yet appointed any banker to discuss the possible stock market offer. No official statement in this case has been revealed by Reliance so far.
Why live IPO getting late
The telecom business, Jio Infocomm, tariff hike was struggling due to some decline in its customer base, but this year it has returned to the path of development. It has more than 488 million customers. Indian brokerage firm IIFL Capital said in April that it is cutting the main advantage estimate of Jio by 3 per cent for 2025-26, as “The cost is increasing and the benefit from the potential next tariff hike at the end of 2025 is decreasing. He has also reduced its valuations estimate from $ 117 billion to $ 111 billion, although Jeffirian has reduced its valuration estimation, although Jeffirian has come down to 136 billion billion. Is. The first formula refused to share the valuation that was set in Jio IPO, but said that it was already “above $ 100 billion”.
2024 was good in terms of IPO
India’s IPO market spent its best year in 2024, with $ 20.5 billion, which is second after the US. Between trade war and middle east tensions, the market perception was unstable, but now it is improving. LSEG data shows that India is the second largest IPO market in the world by collecting $ 5.86 billion till June this year, which is 12 per cent of the total income at global level.
Retail IPO will come in 2027 or 2028
Reuters had earlier reported that the IPO of Reliance Retail is delayed as the company wants to solution for operational related challenges, including low earnings per square foot space for the retailer, which runs the largest grocery store network of 3,000 supermarkets in India. The person said without giving any reason that Reliance Retail is unlikely to come before 2027 or 2028.
In recent years, Asia’s richest person Ambani has collectively raised $ 25 billion for digital, telecom and retail business from companies like KKR, Abu Dhabi Investment Authority, General Atlantic and Silver Lake. The first source said that the investors (the delay in IPO) are not worried. They know that money is in front of them.