Jio Platforms share price: After the bumper listing of Reliance's Jio Platforms in the Indian secondary market, investors and market observers are busy calculating how the Jio Platforms share price movement will impact Reliance Industries Ltd (RIL) shares. Their guess is right because the Jio Platforms patent company, Reliance Industries, holds around a two-thirds stake in the newly listed Reliance Group company.
Connecting the company's relations and their impact post-listing, Arun Kejriwal, Founder of Kejriwal Research and Investment Services, said, “Jio Platforms shares have been listed on the NSE and BSE after the business demerger from the parent organisation, Reliance Industries Ltd. Despite the business demerger, RIL holds around two-thirds of the stake in Jio Platforms. After listing at ₹1,358 per share, Jio Platforms' market cap comes to around ₹12.50 lakh crore. RIL owns around 65% sake in Reliance Jio after Jio Platforms' share price listing. So, in terms of market capitalisation, around ₹8.125 lakh crore [(65/100) x ₹12.50 lakh crore] market cap in Jio Platforms belongs to RIL.”
Avinash Gorakshkar, Founder of Avinash Mentor Research, said, “A patron company trades at around 15% to 20% discout against its shareholding in the listed entity. So, one should not take the exact Jio Platforms market cap, which comes in sync with the shareholding of the parent company.”
So, the exact Jio Platforms market cap that will impact Reliance Industries shares would come around ₹6.50 lakh crore [(0.80/100) x ₹8.125 lakh crore].
Gorakshkar said that Reliance share price today is around ₹1,175 per share on the NSE, with a market cap of around ₹16 lakh crore. Equating ₹6.50 lakh crore market cap of Jio Platforms belonging to RIL and their respective shares, the additional ₹6.50 lakh crore market cap of Jio Platforms would come around ₹477 [(1175/16) x ₹6.50].