Reliance Group’s digital arm Jio Platforms can launch India’s biggest IPO this year. According to reports, the company is considering selling about 2.5% of its stake and is preparing IPO documents i.e. prospectus with Morgan Stanley and Kotak Mahindra Bank. It is estimated that the IPO size could be $4 billion+, from which Jio Platforms can raise around $4.5 billion. Some analysts believe that the total valuation of the company could be between $200–240 billion. The listing will also get support from the new rules of SEBI. In the last six years, Jio has expanded rapidly in telecom, digital services, technology and AI.
Mega IPO of Jio Platforms, India’s biggest listing opportunity till date. Money Live | Jio Platforms’ Mega IPO: India’s Biggest Listing Opportunity Yet
