New Delhi: A big update has come regarding the Reliance Jio IPO of the country's and Asia's richest man Mukesh Ambani's telecom company. According to a report by news agency Reuters, Reliance Group aims to list Jio in 2025 and analysts have estimated its valuation to be more than $100 billion. At the same time, the IPO of the retail unit is being planned to be released much later.

Reliance Group has been showing more activity in the telecom sector for the last few years. In the past years, Mukesh Ambani has collectively raised $25 billion for digital, telecom, and retail businesses from companies like KKR, General Atlantic, and Abu Dhabi Investment Authority, taking the valuation of both to over $100 billion.

Will be launched in the year 2025

According to the news agency report, the Mukesh Ambani-owned group is preparing to launch Reliance Jio IPO in the year 2025. Reliance believes that it has to achieve stable business and revenue flow to become the country's number 1 telecom company with 479 million subscribers.
 

This will be the valuation!

At the same time, plans are being made to launch Reliance Retail later. The company will first have to solve some internal business and operational challenges. Let us tell you that no internal decision has been taken yet on the valuation of Reliance Jio and the bankers have also not been selected. But two to three months ago, global brokerage firm Jefferies has estimated the valuation of Reliance Jio IPO to be $112 billion.

This will be the biggest IPO in the country

It is known that recently the stock market has touched its record level. Till the month of October, a total of 270 companies have launched their initial public offer, which raised $12.58 billion this year. Whereas, last year this figure was more than $7.42 billion. Recently, Korean auto company Hyundai launched the IPO of its subsidiary Hyundai Motor India in India, which was listed on October 22. Its listing was done in the stock market at Rs 29 less than the issue price of Rs 1960. Whereas, Reliance Jio IPO will be even bigger than this.