Reliance Retail IPO?

What could be the Reliance Retail share Price

Let us find out

Reliance retail IPO is coming up soon?

Reliance Retail has been valued between $92-96 billion by two global consultancies. 

Valuation of Reliance Retail

EY valued the company at $96.14 billion while BDO valued the company at around $92 billion. 

This valuation by the company signals the upcoming Reliance Retail IPO.

Who owns a reliance retail venture?

Mukesh Ambani, the richest man in Asia, owns the Reliance Retail venture.

Reliance Retail includes

Reliance Retail includes Ambani’s core retail businesses including Reliance Jio, Digital business, and Bricks-and-mortar stores.

Reliance Retail operates a chain of convenience stores, supermarkets, specialty, and online stores providing choice, convenience, and superior value

Reliance Retails Business segments

Reliance Retail's fashion and lifestyle business grew 13% in the fourth quarter of fiscal year 2023 (Q4 FY23).

Reliance Retail's grocery business grew 23% in Q4 FY23 

Key Facts

Reliance Retails Business segments - FY 2021-22

The Connectivity segment is the largest segment followed by retail segment

Funding for Growth at a valuation of $57 billion

Reliance retail venture raised $5.72 billion by selling a 10.1% stake to fund for its Growth

KKR, the Saudi Public Investment Fund, General Atlantic, and the UAE’s Mubadala are owning this

When is the Reliance Retail IPO date?

Reliance Retail IPO is coming soon

Mukesh Ambani has indicated his plans to list his retail business at some point. 

IPO details has not been announced yet

Reliance Retail IPO Price

On 7th July 2023, the retail arm of Reliance Industries (RIL) announced to reduce its share capital by 9.5%. 

Reliance Retail IPO Price

This  indicated the IPO price may be around Rs 1360.

The company will be issuing a total of 136.2 crore shares to its shareholders at Rs 1,362 per share

Reliance Retail in News

In February 2023: Reliance Retail partners with Google to launch JioMart Smart Retail Hubs.

In June 2023: Reliance Retail announces plans to invest Rs 50,000 crore in its retail business over the next three years.

The company plans to use the investment to expand its store network, upgrade its technology infrastructure, and launch new initiatives.

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