Mumbai :
Reliance Jio Infocomm, the telecom arm of Reliance Industries, is set for a major initial public offering (IPO) in 2025.
According to a report by the foreign brokerage firm Jefferies, the company’s valuation could exceed ₹9.3 lakh crore (approximately $112 billion).
This listing is expected to result in a 7 to 15 percent increase in Reliance Industries’ share price.
Jefferies’ Insights and Predictions
Jefferies has maintained a ‘Buy’ rating on Reliance Industries (RIL) shares, setting a target price of ₹3,580 per share.
The brokerage anticipates a 13 percent rise in the company’s shares from the current levels, which have already gained about 22 percent this year,
outperforming the Nifty index’s 12 percent return.
IPO Structure and Market Strategy
The report suggests that the entire Reliance Jio IPO might be an offer-for-sale (OFS), allowing minority shareholders to sell their stake.
It is expected that Reliance will first spin off Jio through a separation process and then list it on the stock market via the price discovery system,
a method favored by both domestic and foreign investors.
Previous Spin-off and Tariff Changes
This strategy mirrors Reliance Industries’ earlier move in August 2023,
when it spun off Jio Financial Services and listed it through the price discovery system.
Additionally, Reliance Jio Infocomm has recently increased its mobile tariff plans, signaling the company’s focus on monetization and market share growth.
Both of its main competitors, Bharti Airtel and Vodafone Idea, have also introduced new tariff plans, reflecting similar strategies in the competitive telecom market.
