What is the proposed valuation for Jio Platforms' IPO?

Bankers have suggested a valuation for Jio Platforms of up to $170 billion.

How much money could Jio Platforms raise from its IPO?

The company could raise approximately $4.3 billion from the initial public offering.

What change in listing rules affects Jio Platforms' IPO?

Revised listing rules now permit large issuers to dilute a minimum of 2.5% of their equity.

Home / Business and Economy / Jio IPO Eyes $170B Valuation

Jio IPO Eyes $170B Valuation

16 Mar

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Summary

Jio Platforms aims for up to $170 billion valuation in its IPO.
The company could raise approximately $4.3 billion.
New listing rules allow for a minimum equity dilution of 2.5%.

Jio Platforms, the telecom division of Reliance Industries Ltd., is moving forward with plans for what is anticipated to be India's largest initial public offering. The company is collaborating with a group of six prominent banks, with more expected to be appointed.

Bankers have suggested a valuation for Jio Platforms reaching as high as $170 billion. This valuation could enable the company to raise approximately $4.3 billion in the offering.

The IPO is gaining traction after the government revised listing regulations. These changes now allow large issuers to dilute as little as 2.5% of their equity.

Once the final terms are determined, Jio Platforms will submit a draft red herring prospectus to the Securities and Exchange Board of India. The terms and timeline for the potential offering are subject to change.

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