‘Over ₹36,000 crore Jio IPO likely by Oct end’:Ambani’s children may hold roadshows in India

Digital services major Jio Platforms is likely to get listed by the end of this month at an enterprise valuation of $143-146 billion or above ₹12 lakh crore, sources tracking the development said. Jio Platforms IPO is touted as India’s largest public offer at an estimated size of $3.8 billion or ₹36,100 crore. The company has concluded overseas roadshows and is expected to file final papers with market regulator SEBI for the initial public offering in the week starting October 12, banking and other sources who did not wish to be identified told PTI. Based on interest received from overseas roadshows, Jio Platforms is likely to list at a base enterprise valuation of USD 143-146 billion or at least ₹12 lakh crore by end of this month. -One of the banking sources said to PTI Ambani’s children held roadshows in US, UK The overseas roadshows held in the US, UK, Dubai, Hong Kong and Singapore were led by Jio Platforms Managing Director and Reliance Jio Chairman Akash Ambani and Reliance Retail Ventures Limited Executive Director Isha Ambani. They may hold roadshows in India too One of the event vendors said that JPL is expected to hold a roadshow for the IPO in India in the week starting October 12 after filing the red herring prospectus.
According to banking sources, Jio Platforms is expected to start an anchor round before Dussehra and the issue is expected to open post-Dussehra before October 23. The Securities and Exchange Board of India (SEBI) issued its final observations on August 28. Jio Platforms had filed its draft IPO papers in June. IPO details: According to its draft prospectus, the company plans to issue up to 27 crore fresh equity shares, equivalent to about 2.9% of its post-issue equity base.
Sources have indicated that the company may raise around $3.8 billion from the offer. About Jio Platforms Jio Platforms houses Reliance’s digital businesses, including its telecommunications operations. About Jio Infocomm Reliance Jio Infocomm, the telecom arm of JPL, dominates the Indian telecom market with a 32.89% market share in fixed-line connections, serving 157.9 million or 15.79 crore customers, and a 39.29% share in mobile connections, with 506 million or 50.6 crore customers. Is Jio profitable? For FY26, Jio Platforms posted a 15% rise in profit after tax to ₹30,053 crore and a 14.5% increase in the annual revenue to ₹1,46,885 crore. What do analysts say about Reliance Jio? Analysts at Nuvama Research expect Reliance Jio’s profit after tax to clock a compounded annual growth rate of 18% between FY26 and FY30, at par with the oil and gas vertical of parent firm Reliance Industries Limited. Facebook owner’s bet on Jio: Jio Platforms has previously drawn major global technology and financial investors – in 2020, Meta invested ₹43,574 crore for a 9.99% stake, while Google invested ₹33,737 crore for a 7.73% holding.
Other investors, including Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, Abu Dhabi Investment Authority, TPG, L Catterton, Intel Capital and Qualcomm Ventures collectively invested about Rs 74,745 crore for roughly a 15.2 per cent stake.