By Admin 
Reliance jio IPO: A new update has surfaced about Reliance Jio’s IPO. Bloomberg, quoting people who know about the case, said in their report that Reliance Industries (RIL) has started informal talks with banks regarding the possible listing of its unit Reliance Jio Infocomm Ltd. According to the report, the formal process can begin by the end of this month. It is expected that Reliance will appoint an official investment bankers in November. Negotiations on this are going on. The size of the IPO and its launch date can be changed.
The largest IPO in the history of the country
Bloomberg had earlier reported that Mukesh Ambani -led Reliance Industries is considering raising Rs 52,200 crore (about $ 6 billion) from the listing of its telecom company Jio Infocomm, which could be the largest IPO in India’s history. It was announced by Managing Director and Chairman Mukesh Ambani at Jio’s Annual General Meeting (AGM).
Jio’s IPO will be launched next year i.e. in the first half of 2026. According to the report, Reliance has also started talks with market regulator SEBI to get approval to sell only 5 percent stake in Jio Infocomm. If the approval is received, it will break all the previous records of the IPO in India and will also surpass the IPO of Hyundai Motor India Rs 28,000 crore.
IPO size will be half
Under the current rules, it is necessary for companies to maintain 25 percent public shareholding within 3 years of listing. However, Bloomberg said that Reliance has told SEBI that there may be not enough liquidity to absorb a big offer in the market. Reliance Jio is demanding to sell small stakes so that listing can be made easier in the market.
According to the revised rules of SEBI too, big companies will now have to sell only 2.5 percent stake instead of 5 percent. That is, SEBI has reduced public stake from 5 percent to 2.5 percent. With this new rule of SEBI, the size of Reliance Jio’s IPO will be half. That is, it will be reduced from Rs 52,200 crore to around Rs 30,000 crore.
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