When it comes to the upcoming IPO India, Billionaire businessman Mukesh Ambani plans to list his telecom company Reliance on the Bombay Stock Exchange (BSE) in 2025. Trade analysts estimate that Reliance Jio is valued at $100 billion. It is currently India’s number one telecompany, with a subscriber base of 479 million.
Upcoming IPO India: Reliance Jio Funding and Stability
Mukesh Ambani has secured over USD 25 billion in investments from top firms such as KKR, Abu Dhabi Investment, and General Atlantic for Jio and Reliance Retail. Ambani’s Reliance Industries holds a 67% stake in Jio. With 479 million subscribers, Jio is all set to seek an attractive revenue stream from Reliance Jio IPO.
Challenges for Reliance Retail
The retail business IPO of Reliance will take longer and is expected after 2025. The firm first wants to resolve some internal operational problems before it goes ahead with expansion. Reliance Retail operated India’s largest grocery network with over 3000 supermarts, and Reliance Digital Retail stores and expanded into e-commerce with AJIO and Netmeds to compete with other e-commerce giants such as Amazon.
Challenges in Expansion
The growth of the retail sector has seen several challenges. In the quarter of July-September, there was an 11% decline in sales, its first fall in three years. Despite these challenges, Reliance Retail is valued at $112 billion.
Reliance Jio Future Competition
Reliance Jio is gearing up to compete with Elon Musk’s Starlink once it launches in India. Jio has partnered with Nvidia to enhance its AI infrastructure. Ambani’s ambition is to make Jio’s IPO the largest in Indian IPO history, surpassing Hyundai’s $3.3 billion IPO in 2024. For more news and updates, keep following Forcenewz.
Leave feedback about this