The country's rich industrialist Mukesh Ambani has started the process of bringing an IPO of Reliance Jio Infocom.
The size of this IPO can be between 35 thousand to 40 thousand crores.
Reliance Industries aims to bring this IPO in the second half of this year.
This IPO can be the biggest IPO so far in this year 2025.
The company has started calling investors for Pre-IPO placement.
Stock experts say that this IPO is of very big size, but they also say that this IPO will be in high demand in the stock market.
This IPO will have offer for sell (OFS), fresh issue as well as Pre-IPO placement.
The valuation of Reliance Jio Infocom can be around $100 billion to $120 billion.
Foreign investors hold around 33 percent stake in Reliance Jio Infocom.
The company has sold stake to several investors like KKR, Mubadala and Silver Lake to raise funds worth $18 billion in the year 2020.