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  1. Reliance Jio launches New Year Welcome plan for prepaid customers at ₹2,025: Check benefits

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Reliance Jio launches New Year Welcome plan for prepaid customers at ₹2,025: Check benefits

Upstox

2 min read | Updated on December 12, 2024, 07:19 IST

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SUMMARY

Reliance Jio has launched the New Year Welcome Plan 2025 for prepaid customers, offering unlimited voice calls, SMS, and benefits worth ₹2,150 for ₹2,025.

Reliance Jio may launch its IPO worth over $6 billion in the second or third quarter of 2025

The plan is valid for recharge until January 11, 2025, and includes 200 days of validity, unlimited 5G support, 2.5GB daily 4G data, and subscriptions to JioTV, JioCinema, and JioCloud.

Reliance Jio has rolled out a New Year Welcome Plan 2025 for its prepaid customers in India, offering unlimited voice calls, SMS, and additional benefits worth ₹2,150. The plan, priced at ₹2,025, is available for recharge between December 11, 2024, and January 11, 2025, and comes with a validity of 200 days.

The plan includes unlimited 5G data support, subject to network availability, and provides 2.5GB of 4G data every day, which amounts to a total of 500GB data. Customers also gain access to JioTV, JioCinema, and JioCloud subscriptions as part of the offering.

Reliance Jio claims the plan will help certain users save over ₹400 annually through its bundled discounts and benefits. Partner offers include a ₹500 coupon for Ajio on purchases over ₹2,500, ₹150 off on Swiggy orders of ₹499 or more, and ₹1,500 off on flight bookings via EaseMyTrip.

Customers must purchase the recharge plan by January 11, 2025, to avail of the benefits.

Plans for IPO in 2025
Meanwhile, Reliance Jio is gearing up for its much-anticipated initial public offering (IPO). As per a Reuters report, Mukesh Ambani, chairman of Reliance Industries Ltd (RIL), is targeting a 2025 Mumbai listing for Reliance Jio, valued by analysts at over $100 billion. The IPO is expected to become India’s largest ever, surpassing Hyundai India’s record $3.3 billion IPO earlier this year.

Jio’s leadership in the Indian telecom market, with 479 million subscribers, and its position as the world leader in mobile data traffic for three consecutive quarters, bolster its IPO prospects.

Reliance Jio posted a 23.1% increase in standalone net profit for Q2 FY25, amounting to ₹6,231 crore. Revenue from operations rose 14.5% year-on-year to ₹28,338 crore. The company’s ARPU (average revenue per user) increased to ₹195.1, driven by tariff hikes and a better subscriber mix, compared to ₹181.7 in the previous quarter.

While Jio’s subscriber base saw a slight decline to 478.8 million in Q2 FY25 from 489.7 million in Q1 FY25 due to SIM consolidation, the company expects this trend to stabilise.

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