Jio Platforms IPO: The listing of Jio Platforms is likely introduce transformative structural shifts for both the broader Indian telecom sector and its parent company, Reliance Industries (RIL).
Amid growing anticipation around Jio Platforms' initial public offering (IPO), a fresh update on the issue has emerged. The Mukesh Ambani-led telecom company is likely to price its shares in the range of ₹1,065 to ₹1,119 apiece, Bloomberg reported, citing sources. However, Jio Platforms has not yet officially disclosed key details of the IPO, including the price band, valuation and timeline.
Jio’s proposed valuation could reset the way investors assess Bharti Airtel, which has been a major beneficiary of improving average revenue per user (ARPU), tariff increases and industry consolidation.
Seema Srivastava, Senior Research Analyst at SMC Global Securities, said Jio’s standalone listing would establish a transparent valuation benchmark for the telecom sector and could trigger a re-rating of listed peers, including Airtel.
At a reported valuation of around ₹11 lakh crore, Jio Platforms would be valued slightly above Airtel’s market capitalisation of approximately ₹10.87 lakh crore. Garg noted that Jio’s reported valuation of around 37 times FY26 profit compares with about 63 times trailing earnings for Airtel.