Tue Nov 05 09:46:06 UTC 2024: ## Reliance Jio IPO Set for 2025, Retail Listing Delayed
**Mumbai, India** – Reliance Industries Ltd (RIL) plans to list its subsidiary Jio Platforms Ltd, home to India’s largest telecom company, in 2025. The IPO, which could be India’s largest, is already in the planning stages, although bankers haven’t been appointed yet.
Analysts value Jio at over $100 billion, with Jefferies estimating its IPO valuation at $112 billion. While the IPO will provide an exit for existing investors, RIL will retain a majority stake in Jio Platforms.
In contrast, the IPO for Reliance’s retail division is delayed due to competition in the quick commerce sector and pending operational matters.
Jio’s listing comes at a time when the Indian telecom sector is seeing improved conditions, with increased tariffs and a duopoly between Jio and Bharti Airtel.
Recent tariff hikes have boosted Jio’s average revenue per user (ARPU) to ₹195.1, with revenue growing by 18% in the September quarter.
Jio’s recent success in the telecom sector, including a strong 5G rollout, and the firm’s investments in AI and digital services contribute to its strong market position.
While Jio’s IPO is expected in 2025, the exact valuation and timing remain to be seen.
First Piper 