October 24, 09:35Aaj Tak

Jio Platforms prepares to join the club of companies valued over $100 billion

The digital and telecommunications company Reliance Industries' Jio Platforms is preparing to join an elite circle of global companies. The company's Initial Public Offering (IPO) generated enormous interest among investors, collecting applications worth approximately 7 lakh crore.

It is particularly significant that Jio becomes the fourth company in this select group of founded companies whose valuation at the time of the IPO exceeded $100 billion. This list includes giants such as Meta, Alibaba, and SpaceX.

Investors showed significant interest in the Jio Platforms IPO. According to stock market data, the total number of applications for the listing, including offers from anchor investors, reached approximately 7 lakh crore. The IPO was fully subscribed in just 100 minutes after opening, making it the fastest subscribed public offering in India. Despite market fluctuations and asset sales by foreign investors, the company received strong support from both domestic and global investors.

Involvement of Various Investor Categories

Institutional investors demonstrated the highest demand for the Jio Platforms IPO. In addition to anchor investors, Qualified Institutional Buyers (QIBs) placed bids worth about 3.87 lakh crore. The breakdown of demand across various investor categories is as follows:

Institutional Investors (QIB): bids worth about 3.87 lakh crore, excluding anchor investors
High Net Worth Individuals (HNI): about 57,000 crore
Retail Investors: about 26,000 crore
Existing Reliance Shareholders: about 19,000 crore
Company Employees: about 1,450 crore

These figures indicate that interest in the Jio IPO was shown not only by large institutional players but also by small investors and the company's own employees.

At the upper price band of the IPO, Jio Platforms' valuation reaches approximately 10.3 lakh crore, equivalent to more than $100 billion. Based on this valuation, the company is preparing to enter the ranks of India's largest public companies. Before Jio, globally, only companies like Meta, Alibaba, and SpaceX had a valuation of $100 billion or more at the time of their IPO. Jio Platforms is becoming the fourth company to join this club. This achievement reflects both the scale of the company's digital and telecommunications business and investor expectations regarding its future development in technology, digital services, and other new areas.

Jio Attracted $20 Billion Back in 2020

Previously, Jio Platforms had already attracted the attention of global investors, raising a large sum of money in 2020. At that time, the company attracted about $20 billion from 13 strategic and private investment funds. Now, through the IPO, the company is entering the open stock market. This high demand arose during a downturn in the Indian stock market and pressure from foreign investors. It is also noted that the conversion of dollars to rupees by foreign investors participating in the IPO may increase the supply of dollars in the market, which could potentially support the rupee amid rising crude oil prices.

The implications of Jio Platforms' listing will not be limited to the company itself. After going public, it is expected that the combined market capitalization of all Reliance Group's public companies will become the largest among Indian business conglomerates. The Jio IPO is a crucial stage for Reliance Industries' digital and telecommunications business. Given the company's extensive customer base and plans for expanding technical services, investor focus will now be on how the company demonstrates results post-listing and how it can maintain its valuation.

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www.aajtak.inOctober 21, 13:18

Jio Platforms IPO becomes the fastest subscribed mega-IPO in India, surpassing Hyundai and LG

The IPO of Jio Platforms, owned by Mukesh Ambani, is open to investors who can apply until October 23. On Wednesday, the opening day, the IPO received a very strong response from investors, making it the fastest-subscribed mega-IPO.

The qualified institutional buyer (QIB) category played the biggest role in this. The IPO was fully subscribed in just 100 minutes, at which point the QIB category had achieved more than triple subscription, and this figure continued to rise. By noon, at 3:30 PM, the category reached a subscription rate of 8.01 times.

Thanks to this rapid full subscription, the Jio Platforms IPO set a historical record and entered the list of the fastest-subscribed mega-IPOs launched in India to date. Previously, the largest IPO in India by issue price was Hyundai Motor India, with a volume of 27,870 crore rupees, but it yielded to Jio in terms of subscription metrics. Furthermore, the reaction to Mukesh Ambani's company IPO was significantly faster compared to the IPOs of Bajaj Housing Finance Limited and LG Electronics India Limited.

Regarding the first-day subscription, by approximately 3:30 PM, the QIB category was subscribed 8.01 times, while the NII category received a 1.41-fold subscription. The retail investor category showed a rate of 0.64 times. Employee quotas were also subscribed at 1.21 times, and shareholder quotas at 1.23 times.

The Jio Platforms IPO attracted funds amounting to 30,213 crore rupees in the primary market. The price band was set at 1065–1119 rupees, and the lot size is 12 shares. This offering does not include an Offer for Sale; instead, 270 million new shares are issued to investors.

The company plans to use up to 27,500 crore rupees of the raised funds to repay or prepay debts of its telecommunications subsidiary, Reliance Jio Infocomm. The remaining amount will be allocated to general corporate purposes.

www.aajtak.inOctober 20, 13:34

Jio Platforms IPO prepares for market debut; preliminary estimates indicate high profit potential

Jio Platforms, owned by Mukesh Ambani, is preparing to enter the stock market, concluding investors' wait. The Jio IPO will open to retail investors on Wednesday. Details, including the price range and lot size, have already been disclosed, and even before the official IPO launch, it shows strong signs of high earnings in the grey market.

This IPO is the first from Mukesh Ambani's group of companies since Reliance Industries, which occurred a long time ago—after 2008. The Jio IPO has also received significant positive feedback from institutional investors. On Monday, anchor investors placed an order worth 30 times, applying for 2.5 lakh crore rupees for shares valued at 8110 crore rupees.

The Jio Platforms IPO was open to anchor investors on October 19, and it will be available to retail investors starting October 21. Investors can apply within three days, until October 23. The total size of the Jio Platforms IPO is 30,213 crore rupees, making it the largest IPO in the country by offering volume at present. The price range is set between 1065–1119 rupees per share.

An investor can become a partner in the company's future profits after listing by investing just over 13,000 rupees in Mukesh Ambani's IPO. This is because the lot size for retail investors is set at 12 shares. Consequently, the investor must apply for at least this number of shares. When calculated at the upper limit of the price range, the investment in one lot will amount to 13,428 rupees, and retail investors can apply for a maximum of 13 lots.

After the Jio Platforms IPO opens on October 21 and closes on October 23, the allocation of shares among applicants will take place on October 26. October 27 is scheduled for fund refunds and share crediting. The Jio IPO listing on BSE-NSE is planned for October 28. The company has allocated 50 percent of the quota for Qualified Institutional Buyers (QIB), 15 percent is reserved for NII, and 35 percent is designated for retail investors.

The Jio Platforms IPO has begun signaling to investors the possibility of significant profits even before the official start. Shares are actively traded in the grey market, and according to the GMP analysis of Jio IPO on Tuesday around 13:30, it was trading with a 22% premium. Based on this indicator, the Jio Platform Share listing is predicted at 1366 rupees, which means a potential profit of 247 rupees per share.

www.aajtak.inOctober 16, 05:38

Detailed information on 10 questions related to Jio's IPO from Reliance Industries

The digital and telecommunications company Jio Platforms, owned by Mukesh Ambani's Reliance Industries, is preparing for its Initial Public Offering (IPO). This offering is set to be the largest in the country's history, with a size exceeding 30,000 crore rupees. All details have been published, and active discussions are underway among investors. Therefore, it is crucial for investors to know all the specifics, including the price band, lot size, and employee discounts.

When will the Jio IPO take place?

For investors awaiting the Jio Platforms IPO from Mukesh Ambani's company, the answer to the first question is that the IPO will open to anchor investors on October 19. For retail investors, it will be available starting October 21, and applications can be submitted for three days, until October 23.

What is the size and price band?

The company has announced the size of the offering and the price band. Through the Jio Platforms IPO, the company plans to raise 30,213 crore rupees in the primary market. According to the offering size, this will be the largest IPO in the country to date. As for the price band, it is set at 1065–1119 rupees per share.

Is the Jio IPO the largest offering in the country?

The size of the Jio Platforms IPO is 30,213 crore rupees at the upper end of the price band, which unequivocally makes it the largest IPO in the country's history. Previously, Hyundai Motor India (27,870 crore rupees), NSE IPO (22,569 crore rupees), LIC IPO (20,557 crore rupees), and Paytm IPO (18,300 crore rupees) were listed on the stock market.

How many shares will the company issue?

Reviewing the details of the Jio Platforms IPO shows that within this offering, Mukesh Ambani's company will issue only 270 million new shares to investors. The face value of these shares is 10 rupees. The Jio IPO is a book-built issue.

How much money must investors invest?

Now, the most important question is how much money investors must invest in the Jio IPO. The company has set the lot size for retail investors at 12 shares. This means an investor must apply for at least this number of shares. Calculating based on the upper end of the price band, one lot will cost the investor 13,428 rupees. Retail investors can apply for a maximum of 13 lots.

Is there a quota for Jio-Reliance employees and shareholders?

The Jio IPO includes a reserved quota for company employees, and participating in the offering grants them a significant discount. According to the DRHP, the company offers employees a discount of 54 rupees per share. Thus, while the upper limit for retail investors is 119 rupees, for employees, it will be 1065 rupees. Additionally, there is a reserved quota for Reliance Industries shareholders.

When will the listing happen on the stock market?

After the opening on October 21 and closing on October 23, the allotment of shares to applicants will take place on October 26, and the date for fund refund and share credit is set for October 27. The Jio IPO listing itself on BSE-NSE is scheduled for October 28.

What profit can this IPO bring?

Signals regarding potential profits from the Jio Platforms IPO show positive momentum even before its opening. On Thursday, during the stock market closing, the GMP for the Jio IPO was around 20 percent. Based on the Jio GMP, a return of 218 rupees per share is currently projected.

What is the quota for retail investors?

Within the Jio Platforms IPO, the company has allocated 50 percent of the quota for Qualified Institutional Buyers (QIB) and 15 percent for NII. As for the retail investor quota, it is set at 35 percent.

How long has Ambani's company been issuing an IPO?

This group's IPO after Reliance Industries by Mukesh Ambani comes after a long time. No company from the Reliance group has gone public for listing on the stock exchange since 2008.