Reliance Jio IPO is poised to be the biggest public issue in India’s history. The telecom giant, led by billionaire Mukesh Ambani under the Reliance Industries banner, is gearing up for its landmark Initial Public Offering (IPO) in the second half of 2025. This mammoth public issue will include the sale of both existing and new shares, alongside a pre-IPO placement targeting select investors.
Mukesh Ambani’s Historic Move
Reliance Industries, which hasn’t issued a public offering since its debut IPO in 1977, is preparing to make history with Reliance Jio’s listing. Expected to raise between Rs 35,000 crore and Rs 40,000 crore, the IPO would value Reliance Jio at an estimated $120 billion. This would surpass Hyundai Motor India’s Rs 27,870 crore IPO from 2024, making it the largest-ever public issue on Dalal Street.
Industry experts have highlighted the strategic timing of the IPO. In July 2024, Jefferies’ Bhaskar Chakraborty remarked, “Jio leading the way in the recent tariff hikes unlike in the past while keeping feature phone tariffs unchanged shows focus on monetization and subscriber market share gains. These moves create a case for a possible public listing in CY25 in our view.”
Reliance Jio IPO Structure And Plans
The upcoming IPO will be a combination of new share issuance and the sale of existing shares. A pre-IPO placement is already under discussion, with its proportion yet to be finalized. Analysts suggest this structure is designed to attract significant global and domestic investments while enhancing Reliance Jio’s market position.
Reliance Jio has consistently revolutionized the Indian telecom sector since its launch in 2016, introducing affordable data and expanding 4G coverage nationwide. With over 450 million subscribers as of 2024, the company has solidified its leadership position in the telecom industry. The valuation at $120 billion reflects its dominance and growth potential.
Global Investment Interest In Reliance Jio IPO
The IPO is expected to attract substantial interest from international investors, especially given Reliance Jio’s performance and market dominance. In previous fundraising efforts, Reliance Jio raised over $20 billion from global giants like Google and Facebook. These investments underline the trust in the company’s vision and potential.
As the IPO draws nearer, it is anticipated to set new benchmarks for the Indian equity markets. If successful, the listing will not only reinforce Mukesh Ambani’s legacy but also redefine India’s position in the global capital market.