Analyst Predictions: Investment bank Jefferies estimate Jio’s valuation at a staggering $133 billion (around Rs 11.11 lakh crore).
Potential for Largest IPO: This valuation could propel Jio’s IPO to become the biggest in Indian history, surpassing the record held by Life Insurance Corporation (LIC).
There are a few factors contributing to this high valuation:
Recent Tariff Hike: Jio’s recent increase in mobile tariffs is expected to boost their Average Revenue Per User (ARPU), a key financial metric attractive to investors.
5G Monetization: Their efforts to monetize their 5G services are also seen as a positive sign for future revenue growth.
Important to Note:
Official Announcement Pending: There’s no official announcement from Reliance Industries regarding the IPO yet.
Valuation Fluctuation: The final valuation may differ from analyst predictions.