Mukesh Ambani Prepares for India’s Largest IPO at Reliance’s AGM: Expected IPO Price Announcement

Reliance Jio, India’s largest telecom company, is preparing for its biggest IPO yet. Analysts suggest recent increases in mobile tariffs and 5G monetization indicate readiness.

Mukesh Ambani Plans India’s Largest IPO with Reliance Jio

Mukesh Ambani, Asia’s wealthiest person, is gearing up for India’s largest IPO with Reliance Jio Infocomm. Recent tariff hikes and advancements in their 5G business further signal IPO preparations.

Analysts Speculate on Impending Reliance Jio IPO

Experts speculate that Reliance Jio’s IPO could launch early next year, potentially making it India’s largest IPO to date. They anticipate clarity on Jio’s IPO during Reliance Industries’ upcoming AGM.

Pricing Estimates and Expectations for Jio’s IPO

Jio did not respond to ET’s request for comment. According to Jefferies, post recent tariff and monetization improvements, Jio’s valuation stands at approximately $133 billion (₹11.11 lakh crore), potentially making it the largest IPO in India’s history.

Jio’s Parent Company’s Market Position and Prospects

Reliance Industries’ share closed at approximately ₹3,107.90 on BSE Thursday. Bharti Airtel, India’s second-largest telecom company, holds a market cap of ₹8.1 lakh crore based on Thursday’s closing price.

Investment Prospects and Tariff Trends

Analysts foresee potential investment opportunities in Jio through its IPO. Sanford C. Bernstein reports that PE investors typically hold substantial stakes for around four years. Recent tariff hikes may bolster hopes for future rounds of tariff increases.