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Our read

Jio Platforms is likely to complete its IPO first, with a Reliance Retail listing to follow later.

For operators

Jio Platforms' expected ₹30,000 crore IPO is a telecom event, but it strengthens the case for a separate Reliance Retail listing, so rival retailers should expect scrutiny of the 20,000-plus-store network's standalone economics.

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Final IPO size against the expected ₹30,000 crore

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Which other retail IPOs are coming up?

The report, : Jio Platforms' ₹30,000 crore IPO could strengthen the case for a separate Reliance Retail listing

Jio Platforms' expected ₹30,000 crore IPO is a fresh issue of 27 crore shares, with Reliance Industries holding around 66.4%. It could strengthen the case for a separate Reliance Retail IPO and tests investor appetite for Jio's technology ambitions.

Jio Platforms IPO: 27 crore fresh shares, Reliance at around 66.4%
Expected Jio Platforms IPO size
₹30,000 crore

Read next

  1. Musk vows affordable Starlink pricing in India days before Jio Platforms' record $106 billion IPO, , Business Standard
  2. Jio Platforms IPO of Rs 31,000-32,000 crore reportedly opens 21 October as Rs 50,000 crore pre-Diwali IPO rush builds, , Business Today
  • wudhomes: +Rs 2.5 crore pre-seed
  • DealShare: -95% vs peak valuation

Reported figures

From the report. Source details below

Jio ARPU, June 2026 quarter: ₹215.6
Reliance Retail stores: more than 20,000

What to watch next

  • Subscription level and anchor-investor demand at the issue
  • Reliance Industries stake after the 27 crore-share fresh issue, against the roughly 66.4% held now
  • Reliance management comment on Retail listing timing at the next AGM or results

Likely next moves

Our read of what comes next — analysis, not reported by the source.

  • Institutional investors are likely to price Jio on ARPU and technology ambitions rather than subscriber count alone.

The source

Source Read the source at Fortune India

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