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Reliance Group Dominates BSE Post-Jio IPO
22 Jun
Summary
- Reliance group to hold nearly 7% of BSE market cap post-Jio IPO.
- RIL group will host India's two largest companies by market cap.
- Combined RIL group market cap to rival top financial institutions.
The Reliance Mukesh Ambani group (RIL) is expected to command nearly 7% of the total market capitalization on the BSE after the IPO of its digital arm, Jio Platforms. This represents a substantial increase from its current share of under 4% and signifies significant value unlocking for investors.
Post-IPO, RIL group will host India's two largest companies by market cap. Reliance Industries will lead with an estimated market cap of ₹17.7 trillion, followed by Jio Platforms with ₹14 trillion. These figures place them ahead of major financial and telecom players like HDFC Bank, Bharti Airtel, and ICICI Bank.
The combined market cap of Reliance Industries and Jio Platforms is anticipated to reach approximately ₹32 trillion. This valuation is notably close to the current combined market value of ₹33 trillion held by HDFC Bank, Bharti Airtel, and ICICI Bank. The total market capitalization of companies listed on the BSE is currently around ₹478 trillion.
Globally, tech-driven companies are leading market valuations. For instance, Tesla and SpaceX together represent nearly 5% of US companies' market cap. In South Korea, Samsung Electronics and SK Hynix constitute about 50% of the national market cap, while Taiwan's TSMC contributes over 40% to its country's market capitalization.
