Mother of all IPOs coming next year? Ambani eyes Jio Infocomm’s ₹52,000 cr issue: Report

In what would be the largest ever IPO in the history of Dalal Street and nearly double the size of Hyundai India’s mammoth public issue, billionaire Mukesh Ambani-led Reliance Industries (RIL) is said to be considering a plan to list Jio Infocomm’s ₹52,200 crore IPO, according to a report.

RIL has begun informal talks with markets regulator Sebi to seek approval to sell just 5% stake in its telecom unit for $6 billion (₹52,200 crore), Bloomberg said citing sources. Regulatory requirements necessitate a 25% public float but Reliance has told Sebi that the market doesn’t have the depth to absorb a bigger listing, according to the report.