IPO Alert! Mukesh Ambani’s telecom company Reliance JIO ipo enter in this year

In addition to LIC, Mukesh Ambani’s telecom company Reliance Jio’s Initial Public Offering (IPO) may enter in market this year.

Mukesh Ambani’s telecom company Reliance Jio’s IPO is expected to hit the primary market this year. According to foreign brokerage firm CLSA, Reliance Jio could be listed this year.

According to CLSA, it is expected to be valued at Rs 7.40 lakh crore or $ 100 billion. It will be the second largest company in the Reliance Industries group after its listing, meaning it could be the second largest IPO in the country.

What does CLSA say?

Brokerage firm CLSA said in a note that Mukesh Ambani’s telecom company Reliance Jio’s IPO could be launched this year and could be worth around $ 100 billion. CLSA analysts said that in 2020, about 33 per cent stake in Jio has been sold to 13 investors.

About 10 percent of these were sold to Facebook and 8 percent to Google. Reliance Jio is the largest telecom company in the country. It had over 42 crore customers in October 2021.

CLSA said, “Reliance Jio’s independent list could be a catalyst for the telecom sector in India. CLSA analysts valued Reliance Jio at .5 99 billion EV on 11.5x EV / Ebita, including $ 5 billion EV for JioFiber.

Reliance Jio entered the telecom industry in 2016. The company then started a price war in the telecom industry through free calling and data. As a result, many telecom companies in the country had to close down their businesses.

At the same time, some companies have resorted to mergers. Reliance Jio is currently competing with Airtel in the telecom industry. In addition to Airtel, Vodafone-Idea is also the third largest telecommunications company.

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