Reliance Jio files DRHP for India's biggest-ever IPO at up to $170bn valuation
Jio Platforms, RIL's digital arm, targets a $4 billion fresh issue (Rs 38,000 crore) via 27 crore shares at Rs 525 each. Backed by ARPU of Rs 216.5, 531 million subscribers and Q1 net profit of Rs 7,503.9 crore, the listing could reset telecom tariffs and sector valuations. Timeline and final valuation ($130-170bn) are the key triggers.
Reliance Jio Platforms, RIL's digital arm, files DRHP for India's largest-ever IPO ($4bn fresh issue), with strong ARPU and subscriber growth expected. Valuation and listing timeline seen as key triggers for telecom tariffs and sector valuations.