Reliance Jio May Launch Biggest IPO of Country, USD 120 Billion Value of Company Estimated

Reliance Jio, one of the big telecom companies, may soon launch an Initial Public Offer (IPO). Billionaire Mukesh Ambani’s company plans to raise around Rs 40,000 crore through stock market listing. This could be the biggest IPO in the country.

The value of Reliance Jio may be around $120 billion. a media Report According to this, along with the sale of existing shares, new shares will also be issued in this IPO. There may also be pre-IPO placement for selected investors. Preparations are being made for this. However, Reliance Industries (RIL) has not confirmed this. If Reliance Jio raises Rs 40,000 crore from the stock market listing, it will leave behind Hyundai’s unit in the country after the IPO of about Rs 27,870 crore. Hyundai was listed in the stock market in October last year.

However, Reliance Jio has lost a large number of subscribers in the last few months due to tariff hike. According to Telecom Regulatory Authority of India (TRAI) data, Reliance Jio lost about 37.6 lakh mobile subscribers in October. The second largest telecom company Bharti Airtel got about five lakh new customers in October. Due to this, the number of customers of this company had decreased by about 14.3 lakh in the last month. Reliance Jio has gained the highest number of new subscribers by adding about 38.4 lakh VLR subscribers in October. VLR reveals the number of active users. In July last year, private telecom companies had increased tariffs.

Recently, Reliance Jio had claimed that the company’s True 5G network can last up to 40 percent longer smartphone battery life. The company uses a standalone architecture along with other technical features for its 5G services whereby the bandwidth of the spectrum is specified according to the application. This improves the efficiency and battery performance of smartphones. Reliance Jio’s True 5G network can provide accurate location without relying solely on GPS. The company has about 40 percent market share in terms of subscribers.