Reliance Jio IPO: Listins likely by 2025 at $112 billion valuation, says Jefferies

Reliance Jio- the telecom unit of Reliance Industries Ltd- could be headed for a major initial public offering (IPO) in 2025. The potential valuation of the listing could be more than ₹9.3 lakh crore, Jefferies said in a note. Jio ‘could list at $112 billion valuation’ and add ‘7-15 percent upside’ to the Reliance Industries share price, the brokerage said.

“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,” it said.