Mukesh Ambani Reliance Jio public listing possible in 2025 Says Jefferies Reliance Industries Share may go up by 15 Percent

Reliance Jio Listing: Jio, the telecom company of Reliance Industries Limited of the country's richest industrialist Mukesh Ambani, may be listed on the stock exchange in 2025. Global brokerage house Jefferies has issued a research note on Reliance Industries in which these things have been said. The brokerage house said that there is a high possibility that the promoters can demerge Jio from the parent company and get it listed on the stock exchange.

The effect of Jio's listing will be seen on RIL's stock

According to Jefferies, if Jio is listed on the stock exchange, the company can get a valuation of $112 billion. If Jio is listed separately from Reliance Industries, the company's stock can go up to Rs 3580, which means investors are likely to get a return of 15 percent from the current level. In today's trade, Reliance stock is trading at Rs 3194.40 with a jump of 0.87 percent after this report.

Will Reliance Jio's IPO come?

In its report, Jefferies has tried to gauge the possibility of Jio's listing on the stock exchange by issuing an IPO or Jio will be listed after separating from Reliance Industries. Regarding this, Jefferies has released a research report titled Jio's possible listing – through spin off or IPO. Regarding Jio's listing through the IPO route, this report said that Jio has 33.7 percent minority shareholding which meets the requirements of the IPO, in such a situation Reliance can list 10 percent stake. Also, Jio has moved ahead of its capex phase, in such a situation the entire IPO can be an offer for sale by minority shareholders.

35% of the IPO is to be reserved for retail investors, so retail investors will need to participate heavily in the IPO. And the retail portion that is not subscribed can be allotted to institutional and non-institutional investors. This will ensure that Reliance Industries retains majority control stake in Jio.

In this note, Jefferies said, the way Jio has taken the initiative to increase mobile tariffs, it is clear that the company's focus includes monetization and increasing the market share of subscribers. According to the report, after the mobile tariff hike, the possibility of Jio's public listing in 2025 has increased. Jefferies said, Reliance Industries can separate Jio from Reliance Industries and list it on the stock exchange through Jio's IPO or in the same way as Jio Financial Services was demerged and listed in 2023.

Jio will have a demerger from Reliance

According to Jefferies, if Reliance Industries Limited decides to demerge Jio from its parent company, then Jio can be listed on the exchange after price discovery, as was seen in the case of Jio Financial Services. Reliance Industries shareholders will be allotted Jio shares in proportion to the Reliance shares they hold. This will avoid the discount of the holding company and will also help in unlocking better value for Reliance Industries shareholders. After listing, the promoter holding will come down to 33.3 percent. However, the promoter stake had come down to 45.8 percent on the listing of Jio Financial Services.

After the strong performance of the stocks of Reliance Industries and Jio Financial Services, it seems more likely that the promoters can spin off Jio i.e. separate it from the parent company and get it listed on the stock exchange.

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