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Jio Platforms targets Rs 11 lakh crore IPO valuation; October listing likely

Jio Platforms is looking to open its offer in the week of 19 October and list before 30 October, at a valuation of about $114 billion. The dates and valuation could still change, Bloomberg reported.

Newer report , , Financial Express : Jio Platforms IPO, expected to raise about $3.8 billion, is just the start of next growth phase, says Akash Ambani

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What we verified

Checked against the other reports of this story.

Why it matters to operators and investors

The ~$114bn target, if confirmed, sets a new Indian benchmark for valuing scaled telecom-digital platforms, and the 19-bank syndicate suggests a broad, deep book, so use it as a comp and a read-across for Reliance's wider portfolio only after the final price band and anchor demand confirm it.

What to watch next

  • Price band announcement versus the reported Rs 11 lakh crore ($114 billion) valuation
  • Offer opening in the week of 19 October and a listing date before 30 October
  • Final offer size staying within Rs 32,000-32,500 crore at a 2.93% stake
  • Subscription levels and anchor-book demand on the first days of bidding
  • Any official RIL or regulator statement confirming, delaying or revising the timetable

Likely next moves

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

  • Jio Platforms is likely to publish its price band and offer documents once approvals are in place, with the band showing whether the Rs 11 lakh crore target survives.
  • The 19 appointed banks are likely to start investor meetings and book-building soundings, framing the issue against Hyundai India's Rs 27,870 crore as the benchmark for a record-sized listing.
  • Large domestic and global institutions are likely to take the bulk of the offer, with the small 2.93% float keeping pricing tension high.
  • Rival telecom and digital players, including listed peers, may see their shares move in sympathy as investors reset valuation comparisons against Jio's pricing.
  • RIL may adjust the dates or valuation if early feedback is soft, as the reporting itself says both could change.

Background

Later reports that look back at earlier events in this story, newest first. They add context; nothing on this page has changed.

  1. Read the report at Mint

    Resurfaced 28 Aug: Jio Platforms eyed India's biggest IPO, ₹35,000 crore, as Akash Ambani pledged affordable tariffs

On the record

Earlier Jio Platforms reports on RetailIntel, newest first.

  1. : Jio Platforms may list by end-October at $143-146 billion valuation in $3.8 billion IPO
  2. : Jio Platforms IPO reportedly opens Oct 21, targeting Rs 37,000-38,000 crore in what would be India's biggest listing
  3. : Jio Platforms, OYO and Zepto have SEBI approval for IPOs; PhonePe awaits clearance
  4. : Jio Platforms finalises documents for estimated $3.8 billion IPO

The numbers

Figures from Business Today,

Fresh shares in draft prospectus: 27 crore
Share of post-issue equity capital: 2.93 per cent
Estimated value of shares offered: Rs 32,000-32,500 crore
Hyundai Motor India 2024 IPO raise: Rs 27,870 crore

The source

Source Read the source at Business Today

Published

Also reported by The Hindu BusinessLine, NDTV Profit, Outlook Business, Business Standard Companies & Industry

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