Masterstroke by Mukesh Ambani as Reliance gears for 'biggest ever IPO' in India's history, plans over Rs 520000000000 for..., request SEBI for...
New Delhi: Billionaire Mukesh Ambani-led Reliance Industries is preparing for what could be the biggest IPO in India's history. According to the reports, Reliance Industries is considering taking the company's telecom unit, Jio Infocomm, public. The conglomerate is looking to raise Rs 52,200 crore (around USD 6 billion) by selling a 5 percent stake in the company, as per the Bloomberg report.
Considering the IPO size, this listing could not only eclipse all previous domestic IPO records, but also, it will be one of the largest global public offerings of the year. It is important to note that the plan is still in its initial stage. The company is holding informal talks with SEBI to secure regulatory approval, as per the report. Now, as the Jio IPO is in the spotlight, many might be wondering which has been the biggest IPO in India so far. Here are some of the key details: Reliance Industries is considering taking the company's telecom unit, Jio Infocomm, public.
This listing could not only eclipse all previous domestic IPO records, but also, it will be one of the largest global public offerings of the year.
Earlier, it was LIC's public offering, but in 2024, Hyundai Motor India took the lead with its Rs 28,000 crore IPO
Currently, Hyundai Motor India holds the largest on record.
Jio's mega IPO plan could soon make history by becoming the biggest IPO India has ever seen. RIL seeks 25 percent float from SEBI
Reliance Industries Limited (RIL) has begun informal discussions with capital markets regulator SEBI, as per the Bloomberg report. The company is seeking an exemption from the existing rule that requires companies to maintain a minimum public shareholding of 25 percent. The company has reportedly conveyed concerns that the domestic market may not have sufficient depth to absorb a higher float, prompting the request for a waiver.
While the IPO could hit the markets as early as next year, according to the report, the company has not made any official announcement yet.
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