Jio IPO: Nomura said that Bharti's current valuation discount to Jio is unjustified and expects this gap to narrow, at minimum, once JPL goes public.
Cheap data is the playbook that built Jio in India, and the one Musk has used in markets like Kenya to unsettle local telecom players
Jio has finished gauging demand for the offering and is likely to begin meetings with potential investors this week to discuss valuation and pricing
The country's biggest listing to date is Hyundai Motor India's $2.9 billion listing in 2024, while the National Stock Exchange of India made its market debut last month after a $2.3 billion IPO
Digital services major Jio Platforms is likely to get listed by the end of this month at an enterprise valuation of USD 143-146 billion or above Rs 12 lakh crore, sources tracking the development said. Jio Platforms IPO is touted as India's largest public offer at an estimated size of USD 3.8 billion. The company has concluded overseas roadshows and is expected to file final papers with market regulator SEBI for the initial public offering in the week starting October 12, banking and other sources who did not wish to be identified told PTI. "Based on interest received from overseas roadshows, Jio Platforms is likely to list at a base enterprise valuation of USD 143-146 billion or at least Rs 12 lakh crore by end of this month," one of the banking sources said. An email sent to Jio Platforms (JPL) seeking comments based on available information did not elicit any reply. The overseas roadshows held in the US, UK, Dubai, Hong Kong and Singapore were led by Jio Platforms Managing Dire
The offer-for-sale, which does not include any fresh capital being raised, will value NSE at close to $46 billion, which would make it the country's third-largest IPO
Jio Platforms filed draft documents for the offering on June 19 and received approval from the Securities and Exchange Board of India on Aug. 28
Stocks to watch today: HDFC Bank's shares will remain in focus after bank's MD & CEO, Sashidhar Jagdishan, decided not to seek reappointment.
Digital Services is likely to remain the biggest growth driver, contributing ~85 per cent to RIL's incremental consolidated EBITDA over FY26-28, wrote analysts at Motilal Oswal in a post results note.
While global capital chased the AI semiconductor booms in Taipei and Seoul, tripling Korean stocks and doubling Taiwanese equities, the benchmark Indian index hasn't gone anywhere in the past 2 years
As investors await further developments, here are the key strengths and risks outlined in the DRHP
Ajit Mishra of Religare Broking believes that the recent pullback in RIL stock is showing signs of recovery, and adds that a breakout above ₹1,380 could signal a trend reversal.
RIL stock will re-rate on a continuous basis as key milestones of transition are achieved, starting with the JIO IPO and subsequently the commissioning of 10 GW integrated solar project, analysts said
Jio Platforms' proposed listing could sharpen investor scrutiny of India's telecom sector, with focus shifting to tariff hikes, satellite broadband and AI-native services
Reliance post AGM: Stock up 3% in Monday's trade. However, in the past six months, RIL has underperformed the market by falling 15%, as against 10% decline in the BSE Sensex.
Large domestic mutual funds, insurance companies, pension funds and foreign institutional investors are expected to participate in the Jio offering.
Market participants expect Jio Platforms' IPO to improve valuation discovery, attract investor interest and unlock value for Reliance Industries shareholders
After taking the lead in the telecom services segment on the ground, IPO-bound Jio is now looking to step up its game in connectivity from the skies with indigenous communications satellites, Jio Platforms managing director Akash Ambani said on Friday. At present, the satellite communications segment is dominated by foreign companies like Elon Musk-led Starlink and French service provider Eutelsat. "Jio connected India on the ground. Now, we must connect India from the skies. There are still remotest villages, island communities, and border outposts where the Jio network cannot reach. For them, satellite connectivity will be the bridge to the rest of India. Jio is evaluating the development of a sovereign Low Earth Orbit satellite constellation for India," Ambani said. While speaking at the 49th Annual General Meeting of Reliance Industries Limited, he said Jio is also partnering with a global constellation for leasing satellite capacity. "We are also partnering with the leading ..
NSE's IPO is likely to be worth $3.3 billion, based on its share price in private markets, and comes after years of regulatory delays
Shareholders of the energy-to-entertainment conglomerate will hear updates from Ambani on Friday at the company's 49th annual general meeting