Jio IPO Targets ₹30,000 Crore As Akash And Isha Ambani Pitch Global Investors At A Valuation Of ₹10.3 Lakh Crore
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Jio Platforms is preparing a ₹30,000 crore IPO, with Akash and Isha Ambani leading global investor outreach. Existing investors reportedly want to increase their stakes rather than sell, as the company targets a valuation of up to ₹10.3 lakh crore.
Jio Platforms Ltd is taking its proposed ₹30,000 crore initial public offering (IPO) to global investors, with Akash Ambani and Isha Ambani personally meeting investors across the Americas, Europe and Southeast Asia. The company is positioning itself as a technology business rather than only a telecom operator.
The response has extended to India, where Jio is conducting domestic roadshows and major mutual funds and institutional investors are seeking a share of the offering. Existing investors are reportedly looking to increase their exposure rather than sell their holdings.
On the National Stock Exchange (NSE), Reliance Industries’ share price closed at ₹1,170.30 on 9 October.
What Is The Proposed Jio IPO Size And Valuation?
The proposed issue is expected to be an entirely fresh share sale, with no offer-for-sale component. Jio had filed its draft prospectus in June for up to 270 million new shares, equivalent to around 2.93% of its post-issue equity capital.
According to information available, the proposed price band is ₹1,065–₹1,119 per share, with a valuation target of up to ₹10.3 lakh crore. At the upper end, the issue could raise around ₹30,200 crore. The price, valuation and schedule remain subject to change.
The company plans to open the Jio IPO for public subscription on 21 October and close it on 23 October. The anchor book is scheduled for 19 October, while listing is expected on 28 October.
Who Are Jio’s Existing Investors?
Jio’s investor base includes Meta, Google, Saudi Arabia’s Public Investment Fund, KKR, Vista Equity Partners, Silver Lake, Mubadala, General Atlantic, Abu Dhabi Investment Authority and TPG.
Meta affiliate Jaadhu Holdings holds a 9.98% stake, making it Jio’s largest external investor, followed by Google International with 7.73%. The report says existing marquee investors do not plan to sell shares in the IPO, with some seeking to raise their holdings.
What Could The Listing Mean For Reliance Industries?
Reliance Industries is expected to retain around 66.4% of Jio Platforms after the listing. A separate listing would give investors a direct route to Jio, while Reliance would continue to offer exposure to its retail, energy and other businesses.
The IPO could also affect how investors allocate money across listed telecom companies. Its eventual valuation, free float and final issue terms will be important factors as the offer progresses.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Neha Dubey has spent 6+ years turning market chaos into something readable. At Kotak Neo, she works on IPOs and writes for the Market Ready newsletter — making sense of the markets so you don't have to.
Off the clock, she's chasing good stories, new cuisines, and the occasional impromptu singalong. A believer in small pleasures, with excellent taste for a well-timed splurge.
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