Reliance Jio's tariff hikes and 5G monetisation suggest an imminent IPO, potentially India's largest. Clarity expected at RIL's AGM.
Jio's recent tariff increases aim to boost ARPU, making it more attractive to investors ahead of its potential IPO next year.
Jio's move to monetise its 5G services includes raising entry-level pricing, reflecting a strategic push towards higher revenue.
Valued at $133 billion, Jio's IPO could surpass India's largest, potentially raising ₹55,500 crore by selling a 5% stake.
RIL, Meta, and Google hold significant stakes in Jio, with global PE investors potentially exiting via the IPO.
Analysts expect Jio's financials to improve, forecasting 18-26% growth in revenue and profit annually from FY24-27.