1 day ago
Jio Platforms IPO May List Among India’s Top Three Stocks
Jio Platforms is planning to sell shares to the public for the first time.
This is called an IPO.
The company could be worth about Rs 12–13 lakh crore when its shares are listed.
Reports say current investors do not plan to sell their shares in the offering.
Instead, the draft plan is to issue new shares.
The company may raise about USD 3.8 billion.
The share sale is expected to open from October 21 to 23, following an anchor investor round on October 19.
Some shares will be reserved for employees of Jio Platforms, Reliance Industries and its subsidiaries.
The company did not respond to an email query.
Jio Platforms’ IPO is expected to be India’s biggest issue to date and may list at a valuation of Rs 12–13 lakh crore.
Sources say the offering is likely to have no offer-for-sale because investors have shown no interest in diluting their stakes.
The draft prospectus proposes up to 27 crore new shares, about 2.9% of the company’s post-issue equity.
The anchor round is expected on October 19, with subscriptions planned for October 21–23.
Sources say the company may raise about USD 3.8 billion; employees of Jio Platforms, Reliance Industries and subsidiaries are to receive a share allocation reservation.
- Who
- Jio Platforms, with sources describing the proposed IPO and share allocation.
- What
- A planned IPO expected to raise about USD 3.8 billion, with no offer-for-sale and a possible valuation of Rs 12–13 lakh crore.
- Where
- India; the company’s overseas roadshows were cited as informing valuation expectations.
- When
- The anchor round is expected on October 19; subscriptions are expected October 21–23. SEBI issued final observations on August 28, and draft papers were filed in June.
- Why
- The IPO is intended to raise funds through a proposed issue of new shares; sources say existing investors have not expressed interest in selling or diluting their holdings.
IPO structure and pricing outlook
Investor participation and allocation
No offer-for-sale
IPO structure and pricing outlook
Sources say the IPO is likely to consist of new shares, as investors have not shown interest in selling or diluting their holdings.
Investor participation and allocation
No opposing view is reported in the articles; the no-OFS structure is presented as a source-based expectation.
Valuation and market position
IPO structure and pricing outlook
A source said overseas roadshow interest suggests Jio Platforms could list among India’s top three stocks, at Rs 12–13 lakh crore.
Investor participation and allocation
The articles report this as an estimate, not a confirmed valuation or listing outcome.
Key facts
- Indicative valuation
- Rs 12–13 lakh crore
- Potential fundraising
- Around USD 3.8 billion, according to sources
- Proposed new shares
- Up to 27 crore
- Share of post-issue equity
- About 2.9 per cent
- Anchor round
- Expected October 19
- Subscription window
- Expected October 21–23
- Allocation reservations
- Permanent employees of Jio Platforms, Reliance Industries and Jio Platforms subsidiaries
- Issue structure
- Likely no offer-for-sale; sources say no investor has shown interest in diluting its stake
Quotes
A source aware of the development
An unnamed source commenting on the anticipated Jio Platforms IPO.
“Based on interest received during the overseas roadshows, JPL IPO may list among top three stocks in terms of market capitalisation. It is expected to list at a valuation of around Rs 12-13 lakh crore.”
telegraphindia.com
m.rediff.com
“Up to 60 per cent of the QIB quota can go to anchor investors, with part of that quota specifically reserved for mutual funds, insurers and pension funds.”
telegraphindia.com
Sources
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