Politics · India Bureau
Jio Platforms set for landmark IPO listing by October-end
Reliance's digital services arm is poised to become India's largest initial public offering, with an expected enterprise valuation exceeding $143 billion. Market sources indicate the company could list by end-October following completion of international investor roadshows.
LSN India ·
Jio Platforms Limited is on track for a landmark listing by the end of October, with an anticipated enterprise valuation of $143-146 billion or above ₹12 lakh crore, according to sources familiar with the development.
The offering is shaping up to be India's largest IPO to date, with an estimated size of $3.8 billion. Sources said the digital services company has completed roadshows across key overseas markets including the United States, United Kingdom, Dubai, Hong Kong and Singapore to gauge investor appetite.
Banking sources told LSN that Jio Platforms is expected to file its final regulatory papers with the Securities and Exchange Board of India (SEBI) during the week beginning October 12. The timing would position the company for a year-end listing, subject to regulatory approval and market conditions.
"Based on strong interest from international investors during the roadshows, Jio Platforms is likely to list at a base enterprise valuation of $143-146 billion or at least ₹12 lakh crore by end of this month," one banking source said.
Jio Platforms, the digital arm of Reliance Industries, declined to comment on the IPO timeline or valuation details. The public listing would mark a significant milestone for India's digital economy and provide retail investors an opportunity to participate in the growth of the country's leading digital services provider.