Reliance Industries Limited's (RIL) telecom unit Jio may launch an IPO next year i.e. by 2025. While the company may postpone the IPO of the retail business for now. News agency Reuters has given this information in one of its reports citing people with knowledge of the matter. According to experts, the valuation of Jio is more than 100 billion dollars.
In recent years, Ambani, Asia's richest man, has collectively raised $25 billion for digital, telecom and retail businesses from firms such as KKR, General Atlantic and the Abu Dhabi Investment Authority. However, no official information has been given by the company regarding this.
More than 47 crore users of Jio According to data released by TRAI on October 25, 2024, Reliance Jio has a total of 47.17 crore subscribers as of August 31.
At the same time, Airtel has 38.49 crore and Vodafone Idea 21.40 crore customers. While the government company BSNL has 9.10 crore customers. This user data belongs to wireless customers.
Shares of Reliance will also rise due to the IPO According to media reports, Jio's IPO will have a positive impact on RIL's shares. The IPO could boost Reliance Industries' share price by 7%-15%. Reliance shares have been flat so far this year. While this stock has given a negative return of 8.53% in last 6 months and 6.35% in 1 month. Today Reliance shares fell 3.00% to Rs. closed at 1,298.50.
Reliance's financial services business was listed in 2023 Earlier Reliance's financial services business was demerged from its parent company Reliance Industries Limited (RIL) in July 2023. After the demerger, under the price discovery mechanism, the share price of Jio Financial was Rs. 261.85 was fixed.
After this, on August 21, the company's shares were listed on the Bombay Stock Exchange (BSE) at Rs 265. At the same time, shares on the National Stock Exchange (NSE) were trading at Rs. 262 was listed. After the listing, JFSL's shares fell on the day. On the BSE, the stock traded 5% lower at Rs. closed at 251.75. At the same time on NSE too the stock closed 5% lower at Rs. It closed at 248.90.
Jio's second quarter net profit rose 14% year-on-year Reliance Jio's net profit for the second quarter of fiscal 2024-25 rose 14% year-on-year to Rs. 6,231 crores. In the same quarter last year it was Rs. 5,445 crores. At the same time the company's revenue increased by 7.0% YoY to Rs. 28,338 crores. Last year in July-September it was Rs. 26,478 crores.
Jio's EBITDA in the quarter rose 8% year-on-year to Rs. 15,036 crores. In the same quarter last year it was Rs. 13,920 crores. While the margin was 53.1%. Average revenue per user (ARPU) is used to measure the performance of telecom companies. The company's ARPU rose to Rs 195.10 after the hike in recharge prices in July.
Prior to this, it was unchanged for three consecutive times and stood at Rs 181.7. The company announced Q2FY25 results last month on October 14.
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