Jio IPO listing: can not comment on media speculation, says Reliance

13 December, 2017, 09:46 | Author: Darnell Taylor
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Airtel recently updated its Rs. 349 plan to offer 2GB data per day, along with free roaming outgoing, bundled calls across the country, and 100 SMSes per day. The Rs 509 plan is valid for 84 days whereas the new Idea Rs 309 plan comes with 28 days validity.

Thanks to Jio, now in around Rs 450 we get 1GB of data with unlimited calling for more than 70 days on both Airtel and Vodafone.

Idea subscribers need to check the official app to see if the plan is available to them with extended validity as the official website still mentions 35-day validity, meaning this is a personalised plan which might be available to select consumers only. But then there is also another angle to it, Jio offers 4G data whereas Idea offers 3G.

However, a company with IPO plans should earn a minimum Rs 15 crore as average "pre-tax operating profit" in at least three years of the immediate preceding five years and have a net worth of at least Rs 1 crore in each of the preceding three full years, as per SEBI rules.

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This is the latest move by Idea to take on Reliance Jio.

Jio's Rs. 309 plan, on the other hand, offers 49GB of bundled data doled out at 1GB per day, free calls, including roaming outgoing, free SMSes and access to Jio apps. Also, users are not allowed to call more than 100 unique numbers in a week; in this case, the calls will be charged at 1 paisa per second. Securities and Exchange Board of India (Sebi) rules also make it hard for Jio to have an IPO immediately.

After launching an unlimited plan of Rs 509, Idea has now rolled out another similar plan at Rs 309, but with less days of validity than the Rs 509 plan.

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