Mumbai: In a move set to redefine India’s financial landscape, Reliance Jio Infocomm, the telecommunications arm of Mukesh Ambani’s Reliance Industries Ltd (RIL), plans to launch its initial public offering (IPO) in 2025. Analysts project the company’s valuation to exceed $100 billion, positioning it as potentially the largest IPO in India’s history.

Reliance Jio has rapidly ascended to become India’s leading telecom operator, boasting 479 million subscribers. This growth underscores its robust business model and revenue streams, making it a prime candidate for public listing. A Reuters report highlights that RIL has “firmed up plans to launch the Reliance Jio IPO in 2025,” reflecting the company’s confidence in its market position.

In July, Global brokerage firm Jefferies estimated Jio’s IPO valuation at $112 billion, suggesting a 7-15 per cent upside for RIL’s share price. While the telecom arm gears up for its market debut, Reliance Retail’s IPO is expected to follow at a later date. The company aims to address internal operational challenges before proceeding with the retail unit’s public offering. This strategic sequencing ensures that each segment is optimally positioned for investor engagement.

The anticipated IPO aligns with Ambani’s 2019 announcement to list both Reliance Jio and Reliance Retail within five years. The forthcoming public offering is poised to attract significant investor interest, given Jio’s market dominance and growth trajectory.

As the Indian IPO market experiences a surge, with 270 companies raising $12.58 billion by October 2024, Jio’s entry is set to be a landmark event. The company’s strategic initiatives and market leadership position it to make a substantial impact on the financial markets.