IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

To be announced

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |   Eligible Employees  |  

About Reliance Jio IPO

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

  1. 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.
  2. 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:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Reliance Jio IPO online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Reliance Jio IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. 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

10

  1. Achieved ₹100,000 crore revenue and ₹50,000 crore EBITDA milestones.

  2. Added 42 crore subscribers, reaching 481.8 crore by March 2024.

  3. Largest 5G subscriber base outside China with 108 crore users.

  4. Jio True5G network handles ~28% of its wireless data traffic.

  5. Won all nine mobile network awards, including 5G Speedtest honours.

  6. JioAirFiber drives 30% higher per capita usage than JioFiber.

  7. JioBharat Phone captured 50% market share in sub-₹1,000 segment.

  8. Launched India’s first satellite-based gigabit broadband with SES partnership.

  9. Completed world’s first FR2 SA mmWave rollout at commercial scale.

  10. Pioneered satellite and mmWave 5G technology for enhanced connectivity.

Risks

10

  1. Faces strong competition from established telecom players like Airtel and Vi.

  2. Parent company Reliance Industries carries significant debt, impacting financial stability.

  3. Subject to frequent policy changes and government regulations.

  4. Telecom market nearing saturation, limiting subscriber growth.

  5. High capital expenditure required for 5G rollout and infrastructure upgrades.

  6. Intense competition could lead to price wars, affecting profitability.

  7. Over-reliance on mobile data usage for revenue generation.

  8. Rapid advancements in telecom technology may require continuous investments.

  9. Maintaining a large subscriber base amidst aggressive offers from competitors.

  10. Economic slowdown or global financial disruptions could impact IPO valuation.

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Reliance Jio IPO FAQs

What is the Reliance Jio IPO?

Reliance Jio IPO is a book-built issue IPO. The IPO dates are yet to be announced.

When will Reliance Jio IPO be allotted?

The Basis of Allotment is yet to be announced.

When will Reliance Jio IPO open for subscription?

The IPO subscription window is yet to be announced.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is yet to be announced.

When will Reliance Jio Infocomm Limited list on exchanges?

The listing date for Reliance Jio Infocomm Limited is yet to be announced.

What is the issue size of Reliance Jio IPO?

The issue size of the Reliance Jio IPO is yet to be announced.

What are the open and close dates of the Reliance Jio IPO?

The open and close dates for Reliance Jio IPO are yet to be announced.

What would be the listing gains on the Reliance Jio IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting a Reliance Jio IPO allotment?

1. Multiple Submissions: Use different Demat accounts to make multiple applications.
2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for Reliance Jio IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Reliance Jio Infocomm Limited using one PAN?

You can submit only one application using your PAN card.

How to read Reliance Jio Infocomm Limited's financial statements?

To read Reliance Jio’s financial statements, download the IPO’s RHP document.

What is 'pre-apply' for Reliance Jio Infocomm Limited IPO?

Pre-apply allows investors to apply for the Reliance Jio IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the Reliance Jio Infocomm Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my Reliance Jio Infocomm Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of Reliance Jio IPO?

The registrar responsible for managing the IPO allotment process and handling investor queries is yet to be announced.

Where is the Reliance Jio IPO getting listed?

Reliance Jio Infocomm Limited IPO is proposed to be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).