NSE, Reliance Jio Line Up Record IPOs as India's Mega-Listing Pipeline Swells
NSE has filed draft papers for a $3.3 billion IPO while Reliance Jio prepares a $4 billion offering at a $180 billion valuation, poised to dethrone Hyundai Motor India's 278.7 billion rupee listing as India's largest ever. Recent mega IPOs include LIC (205bn), Paytm (183bn), Tata Capital (155bn) and LG Electronics India (116bn).
NSE files draft papers for $3.3 billion IPO alongside Reliance Jio's expected $4 billion offering, set to become India's largest ever. Recap of prior mega IPOs including Hyundai, LIC, Paytm, Tata Capital and LG Electronics India.
Why this matters
Builds on prior signals of Jio nearing a $4B DRHP filing pre-AGM, with the IPO expected to bolster Reliance Retail's expansion war chest and reset India's listing benchmarks.
Retail-company signals steady at 3,089 over the past 90 days.