Reliance Jio Infocomm Ltd, a subsidiary of Jio Platforms Ltd under the conglomerate led by Mukesh Ambani, Reliance Industries Ltd, is set to stir the market with its initial public offering (IPO) in 2025. Targeting a valuation exceeding ₹7.5 lakh crore ($100 billion), Reliance Jio's IPO is poised to be one of India’s largest, potentially launching in the second or third quarter of 2025 on the Bombay stock exchange.
Despite speculation, details such as the issue size remain unconfirmed; however, estimates suggest it could raise over ₹47,000 crore ($6.25 billion). This follows the pattern set by the Hyundai Motor India IPO, which, in October 2024, raised ₹24,800 crore ($3.3 billion) and held the record for the country's largest public issue at the time. Mukesh Ambani had previously indicated in 2019 that both Reliance Jio and Reliance Retail were planning public listings within five years.
Industry Outlook
- India’s wireless subscriber base reached 1,168.95 crore in May 2024, with Reliance Jio leading at 474.61 crore users, contributing 40.6% market share.
- India’s e-commerce market is projected to grow to US$ 325 billion by 2030, with the quick commerce segment estimated to reach US$ 19.93 billion.
Reliance Jio IPO Objectives
The objectives of the Reliance Jio IPO are yet to be announced.
About Reliance Jio Infocomm Limited
Reliance Jio, launched in 2016, revolutionised India’s digital landscape by providing affordable access to world-class digital technologies. Aiming to empower every Indian with seamless digital connectivity, Jio has played a pivotal role in transforming how the nation connects to the world. It has become a catalyst for India's digital future, driving innovation and accessibility.
Before Jio's entry, India ranked 155th globally in mobile data consumption. Within a year of its launch, India leapt to the top position, surpassing countries like the USA and the UK in mobile broadband usage. Jio's impact redefined India’s digital era, marking a clear distinction between the pre- and post-Jio periods.
Currently, Jio is India's largest telecom operator and the second-largest single-country operator globally. Its diverse offerings include connectivity, fibre, mobile devices, digital applications, and business solutions, positioning it as a leader in shaping India’s digital ecosystem and global influence.
Reliance Jio Infocomm Limited Peer Details Comparison
- Airtel: A leading name in the Indian telecom sector, Airtel stands out with its expansive mobile and broadband network. Its broad coverage and diverse range of services give it a strong competitive advantage.
- Vi (Vodafone Idea): Formed through the merger of Vodafone India and Idea Cellular, Vi is a major telecom player focusing on delivering enhanced network performance and customer satisfaction.
- BSNL: Bharat Sanchar Nigam Limited, a government-owned entity, is recognised for its extensive reach, especially in rural areas. Its primary emphasis is on providing affordable services and expanding its network infrastructure.
- MTNL: Mahanagar Telephone Nigam Limited caters primarily to metro cities like Delhi and Mumbai. The company is known for its competitive pricing and region-specific services.
- Tata Communications: Specialising in global networking and enterprise solutions, Tata Communications focuses on driving digital transformation and offering advanced telecom services.
How To Check the Allotment Status of the Reliance Jio IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for Reliance Jio IPO online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Reliance Jio IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Reliance Jio IPO
Registered office: 101, Saffron, Nr. Centre Point Panchwati 5 Rasta, Ambawadi, Ahmedabad – 380 006, Gujarat, India
Phone: +91-79-3503 1200
E-mail: jpl.investorrelations@ril.com
Financial Performance of Reliance Jio Infocomm Limited
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|
| Revenue from Operation (in ₹ crore) | 1,00,891 | 91,373 |
| Profit After Tax (PAT) (in ₹ crore) | 20,607 | 18,299 |
| Current Ratio (x) | 0.51 | 0.46 |
| Net Profit Ratio (%) | 17.4% | 17.0% |
| Return on Equity (%) | 9.0% | 8.8% |
| Return on Capital Employed (%) | 13.1% | 11.6% |
| Debt to Equity Ratio (x) | 0.22 | 0.17 |
| Earning Per Share (EPS)-in absolute ₹ | 4.58 | 4.07 |
Know before investing
Strengths
10Achieved ₹100,000 crore revenue and ₹50,000 crore EBITDA milestones.
Added 42 crore subscribers, reaching 481.8 crore by March 2024.
Largest 5G subscriber base outside China with 108 crore users.
Jio True5G network handles ~28% of its wireless data traffic.
Won all nine mobile network awards, including 5G Speedtest honours.
JioAirFiber drives 30% higher per capita usage than JioFiber.
JioBharat Phone captured 50% market share in sub-₹1,000 segment.
Launched India’s first satellite-based gigabit broadband with SES partnership.
Completed world’s first FR2 SA mmWave rollout at commercial scale.
Pioneered satellite and mmWave 5G technology for enhanced connectivity.
Risks
10Faces strong competition from established telecom players like Airtel and Vi.
Parent company Reliance Industries carries significant debt, impacting financial stability.
Subject to frequent policy changes and government regulations.
Telecom market nearing saturation, limiting subscriber growth.
High capital expenditure required for 5G rollout and infrastructure upgrades.
Intense competition could lead to price wars, affecting profitability.
Over-reliance on mobile data usage for revenue generation.
Rapid advancements in telecom technology may require continuous investments.
Maintaining a large subscriber base amidst aggressive offers from competitors.
Economic slowdown or global financial disruptions could impact IPO valuation.
