India's Jio Platforms and National Stock Exchange (NSE) are set for landmark IPOs by year-end, reflecting the country's digital transformation and financialization of savings. Jio aims for $4bn at $120-160bn valuation, while NSE offers 6% equity for $3.3bn, valuing it at $57bn.
Jio Platforms, filiale technologique du conglomérat de Mukesh Ambani, a déposé ses documents pour une introduction en Bourse qui pourrait lever près de 4 milliards de dollars, visant une valorisation de 100 milliards de dollars.
Reliance Industries' share price increased by 2.8% following Jio Platforms' filing of its Draft Red Herring Prospectus (DRHP) for what is anticipated to be India's largest IPO. The issue will be a fresh offer with no Offer for Sale (OFS) component, meaning all proceeds will go to the company. Mukesh Ambani also outlined growth plans in AI, new energy, O2C operations, and retail expansion at the company's AGM.
Jio Platforms is preparing for a significant IPO, aiming to expand beyond mobile services into sovereign AI, satellite broadband, and fibre networks. This strategic pivot away from foreign tech and strong subscriber growth positions it as a key player in India's digital future.
Jio Platforms, Reliance Industries' digital arm, has filed draft papers with SEBI for an IPO aiming to raise up to $4 billion, potentially India's largest stock listing. Proceeds will be used to retire debt, with the offering expected to reshape the Indian IPO market.
Jio Platforms is evaluating the development of a sovereign Low-Earth orbit (LEO) satellite constellation for India, aiming to connect the country from the skies. The company is also building ground station infrastructure and partnering with global providers to accelerate service availability.
Jio Platforms, India's largest telecom operator, is exploring low-orbit satellite communications, aiming to connect India from the skies. The company plans to partner with global providers for a quick rollout while building its own long-term capabilities and ground infrastructure.
Jio Platforms, Reliance Industries' telecom unit, plans a potential $4bn IPO, one of India's largest share sales. The board approved a draft prospectus, with the listing seen as a test of investor appetite after market volatility. The IPO follows Jio's expansion into AI and digital infrastructure.
Jio Platforms, Reliance Industries' telecom unit, plans a massive IPO, potentially raising $4bn. The listing is seen as a key test for India's stock market appetite after recent volatility and could boost investor sentiment.
Jio Platforms, India's largest wireless operator, filed draft papers for an IPO on Friday, aiming to issue up to 270 million shares. The listing aims to showcase India's global tech capabilities amidst market challenges.
Mukesh Ambani's Jio Platforms plans a massive IPO in India, fueled by strong investor demand for tech offerings like SpaceX. However, historical data suggests large IPOs can signal market peaks, raising concerns about liquidity and potential impacts on upcoming Indian listings.
Jio Platforms reported 13% YoY increase in Q4FY26 consolidated net profit to Rs 7,935 crore, with revenue up 13% to Rs 38,259 crore. EBITDA grew 18% to Rs 20,060 crore with margins expanding 230 bps to 52.4%. ARPU rose 3.8% to Rs 214, while subscriber base grew 7.4% to 524.4 million. Chairman Mukesh Ambani said the company is advancing steadily towards listing of Jio Platforms.
Reliance Industries' Q4 FY26 net profit declined 12.5% year-on-year to Rs 16,971 crore, impacted by the Middle East crisis affecting its oil and chemicals business. Despite this, revenue rose 13% to Rs 2.98 lakh crore, with strong contributions from digital services and retail. Jio Platforms reported a 13% profit increase to Rs 7,935 crore.
