Reliance Jio IPO Updates: According to Jefferies, this IPO can increase the share price of Reliance Industries by 7 to 15 percent. There is every possibility that Reliance separates Jio through a spin-off process. Jefferies has given a ‘buy’ rating to RIL shares with a target of Rs 3,580.
Reliance Jio IPO Updates: Mukesh Ambani is preparing for a big deal. There is a possibility that Reliance Industries Limited’s (RIL) telecom company Jio may launch an IPO next year i.e. in 2025. And for this, American brokerage Jefferies has valued the company at $112 billion (about Rs 9.3 lakh crore). According to the brokerage, this IPO can bring a 7 to 15 percent increase in the share price of Reliance Industries. On this basis, Jefferies has given a ‘buy’ rating to RIL’s stock with a target of 3,580.
How can it raise money?
The brokerage said that there is every possibility that Reliance will separate Jio through the spin-off process. And after that get it listed in the stock market through the price discovery system. As far as the investors’ stance is concerned, both domestic and foreign investors are in favor of listing Jio through spin-off. Earlier in August 2023, Reliance Industries listed its financial services unit, Jio Financial Services, in the stock market through a spin-off. And the share rate of Jio Financial was fixed at Rs 261.85.
Jefferies has also given another option for the IPO, according to which the entire IPO of Reliance Jio can also be an Offer-for-Sale (OFS), through which already existing shareholders can sell their stake.
Recharge plans made expensive in July
Reliance Jio Infocomm had increased its mobile tariff by 10-20 percent from July 3. The company currently has 47 crore users. And it is the largest telecom company in the country. There is a possibility that Reliance Industries may give information about Jio’s IPO in its next AGM.
