Reliance Jio IPO Could Make It More Valuable Than Airtel on Listing

Reliance Jio is preparing India's largest-ever IPO, aiming to raise about Rs 37,700 crore by listing just 2.9% of its shares. Its post-listing valuation is expected at $130–170 billion versus roughly $140 billion for Bharti Airtel. The listing is expected in November with a price band of Rs 1,350–1,450 per share.

• Jio aims to raise about Rs 37,700 crore in India's largest-ever IPO
• Only 2.9% of the company's shares will be offered publicly
• Post-listing valuation seen at $130–170 billion vs ~$140 billion for Airtel
• Price band expected at Rs 1,350–1,450 per share, listing in November