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Jio Platforms launches ₹30,188 crore IPO; Uday Kotak calls it a 'moment in history' and India's largest ever

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Jio Platforms' ₹30,188 crore IPO will more likely than not be fully subscribed on institutional demand, but listing gains will depend on pricing and market conditions.

For operators

Jio Platforms' ₹30,188 crore IPO, backed by 53 crore customers and ₹1.46 lakh crore in revenue, puts Reliance's digital arm on public markets, so retailers that depend on Jio connectivity or its digital stack should watch for any change in partner terms.

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Full subscription of the ₹30,188 crore issue by the close of bidding would mean institutions accept Jio's pricing, easing the path for other large listings.

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Which other retail IPOs are coming up?

The report,

Jio Platforms cited 53 crore customers and ₹1.46 lakh crore revenue at the IPO press conference, along with a proprietary end-to-end 5G stack. Kotak recalled Dhirubhai Ambani's 1977 Reliance Textile IPO and praised Mukesh Ambani's leadership.

Jio's ₹30,188 crore IPO, with the revenue it cited at the press conference
IPO size
₹30,188 crore
Jio revenue
₹1.46 lakh crore
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What to watch next

  • Anchor-book allotment size and investor mix
  • Final issue price against the price band
  • Listing-day close against the issue price
  • First quarterly results as a listed company, including customer count and revenue

The source

Source Read the source at Business Today

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Also reported by Times Now Business

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