Jio Platforms shares are set to debut on exchanges on Wednesday, following strong investor demand for its Rs 30,200-crore IPO, with analysts advising investors who received allotments to hold the shares for long-term wealth creation.
Narendra Solanki, Head of Fundamental Research, Investment Services, at Anand Rathi Shares and Stock Brokers, said the company's leadership position in India's digital ecosystem, strong profitability, scalable technology platform and growth prospects supported its valuation.
He said opportunities in artificial intelligence (AI), enterprise digital services and fixed broadband also offered scope for long-term growth.
At the final issue price, Jio Platforms is valued at 34.3 times its FY2026 price-to-earnings ratio and 14.8 times its FY2026 enterprise value-to-EBITDA ratio, implying a market capitalisation of around Rs 10.3 lakh crore, Solanki said.
"On listing, investors may continue to hold the shares for the long term," adding that the company has a dominant position in India's mobile broadband market, with 533.3 million customers and around 49.8 percent share of the wireless broadband market. Its proprietary technology stack, extensive distribution network and strong brand franchise provided competitive advantages and created high entry barriers.