Jio IPO is on the way, according to a report and it is based on a number of moves that the telco has made over the recent weeks that seemingly point at this Reliance Industries arm rolling out its own initial public offer. Notably, while most of the Mukesh Ambani-led Reliance Industries universe is listed on the stock markets, Jio has yet to see that happen and probably, as far as Reliance is concerned, that is an anomaly. And it may well be rectified soon. Not just that, it is being indicated that the Jio IPO will be the biggest of them all, and even trump the behemoth Life Insurance Corporation of India (LIC) IPO. So, when will Jio IPO date be announced? What will be the Jio IPO size? Read on.
Jio IPO: Reason why?
According to a report by Economic Times a number of big moves by the company are directly hinting at the IPO. Jio IPO has recently increased its pre-paid plans tariffs by a whopping 25%. Jumping immediately on the bandwagon were Airtel and Vodafone and they also announced hikes.
The second big move that will also affect revenues positively, is that Jio moved its unlimited 5G plans to the premium plans offering 2GB or more data per day.
The cumulative effect of these moves will positively impact Jio’s average revenue per user (ARPU).
Jio IPO coming soon?
If the Jio IPO comes with a nicely fattened ARPU, it will automatically make the issue that much more appealing to investors.
Some reports have indicated that the Jio IPO announcement may well be made sometime in August at the Reliance Industries annual general meeting (AGM).
Jio IPO largest one of them all?
According to the current rules, any company that is valued at over Rs 1 lakh crore must put out a 5% stake sale. Jio has been valued by Jefferies at Rs 11.11 lakh crore. And that means the Jio IPO size would likely be Rs 55,000 crore. And that means it will relegate LIC’s upcoming IPO valued at Rs 21000 crore into the also-ran category.
Another mega IPO-in the making is by the South Korean car major, Hyundai. The Hyundai IPO size is Rs 25000 crore.
Joy for the markets from Reliance Industries? Is Jio IPO coming? Will it be the biggest-ever IPO that India has seen? What will be Jio IPO date and size? Know what report says. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
