Enam Group Co-Founder Vallabh Bhanshali on Monday called the upcoming Jio Platforms issue a "safe IPO, long-term bet and an exciting investment opportunity" for investors.
In an interview to CNBC-TV18, Bhanshali said: "Jio is an exciting company with size, profitability, predictability and a strong moat. Jio is a safe IPO and long-term bet."
Meanwhile, speaking to CNBC-Awaaz earlier, he said Jio Platforms' Rs 30,000-crore IPO was relatively small given the sheer size of the company.
"When you talk about the Jio IPO, an IPO of Rs 30,000 crore in itself seems big. But when you look at the size of the company, it is small compared to its market capitalisation," he said.
Bhanshali described Jio Platforms as the realisation of a long-standing vision.