Mumbai3 days ago
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The process of IPO of Jio, the telecom unit of Reliance Industries Limited (RIL), has been started. According to sources, this IPO can be between Rs 35 thousand to Rs 40 thousand crore. Reliance Group aims to launch in the second half of the year. This will be the biggest IPO ever in the country. The company has started discussions with investors for pre-IPO placement.
Till now, the country’s biggest IPO is that of Hyundai Motor India. The company had launched an IPO worth Rs 27,870 crore in October last year. Earlier, this achievement was in the name of Life Insurance Corporation of India (LIC), which had brought an IPO worth Rs 21,000 crore in 2022.
Jio is the largest operator with 46 crore customers Reliance Industries has spent about Rs 26 thousand crore in 5 years for telecom, internet and digital business. Reliance Jio is the country’s largest telecom operator, with 47 crore wireless subscribers at the end of October. Due to increase in tariff in June last year, there was a jump in its profit in the September quarter.
Jio’s second quarter net profit increased by 14% year-on-year In the second quarter of the financial year 2024-25, the net profit of Reliance Jio increased by 14% on an annual basis to Rs 6,231 crore. It was Rs 5,445 crore in the same quarter last year. At the same time, the company’s revenue increased by 7.0% on annual basis to Rs 28,338 crore. Last year in July-September it was Rs 26,478 crore.
Jio’s EBITDA increased 8% year-on-year to Rs 15,036 crore in the quarter. It was Rs 13,920 crore in the same quarter last year. Whereas the margin was 53.1%. Average Revenue Per User (ARPU) is used to measure the performance of telecom companies. After the increase in recharge prices in July, the company’s ARPU has increased to Rs 195.10.
Before this, there was no change in it for three consecutive times and it was stable at Rs 181.7. The company had released Q2FY25 results last month on October 14.
Reliance’s financial services business was listed in 2023 Earlier, Reliance’s financial services business was separated from its parent company Reliance Industries Limited (RIL) in July 2023. After demerger, the share price of Jio Financial was fixed at Rs 261.85 under the price discovery mechanism.
After this, on August 21, the company’s shares were listed on Bombay Stock Exchange (BSE) at Rs 265. At the same time, the share was listed at Rs 262 on the National Stock Exchange (NSE). However, its share has given a return of Rs 68.85 (29.25%) in 1 year. It has reached Rs 304.
