Reliance Jio IPO expected in 2025

Reliance has firmed up plans to launch the Reliance Jio IPO in 2025. Bankers have yet to be appointed. The company is seeking a Mumbai listing. Jefferies pegged the company’s estimated IPO valuation at Rs 9.3 lakh crore ($112 billion) in July. Jio Platforms, which houses the telecom and digital businesses, is 33% owned by foreign investors after raising $17.84 billion in recent years.

Indian markets recently scaled record highs and by October, 270 companies had raised $12.58 billion from Indian IPOs this year, eclipsing the $7.42 billion raised in all of 2023.

Reliance Jio reported a strong Q2FY25, surpassing analyst expectations on multiple fronts, including net profit, EBITDA and average revenue per user (ARPU).

The company reported a 14.76 per cent quarter-on-quarter (QoQ) rise in consolidated net profit for the second quarter to ₹6,539 crore. Consolidated revenue from operations rose 7.67 per cent QoQ to ₹31,709 crore.

On year-on-year (YoY) terms, the telco clocked 18 per cent revenue growth and 23.4 per cent increase in net profit for the quarter ended September, beating market estimates.

Jio’s ARPU during the quarter increased to ₹195.1 with the partial follow-through of the tariff hike and a better subscriber mix.

BCS Bureau