Jio Platforms, the telecom arm of Reliance Industries, is preparing for an initial public offering (IPO) with a proposed share price band between ₹1,065 and ₹1,119, according to Bloomberg. The IPO is expected to value Jio Platforms at around ₹11 lakh crore, positioning it slightly above Bharti Airtel’s market capitalization of approximately ₹10.87 lakh crore. The company has not yet officially disclosed the IPO timeline or final valuation details, per livemint.com.
The IPO pricing details emerged amid growing anticipation in the Indian telecom sector. Analysts note that Jio’s standalone listing will provide a transparent valuation benchmark for the industry. Seema Srivastava, Senior Research Analyst at SMC Global Securities, said the IPO could trigger a re-rating of listed peers like Airtel. Gaurav Garg, Head of Research at Lemonn, highlighted that Jio’s valuation at about 37 times FY26 profit contrasts with Airtel’s 63 times trailing earnings, which may create short-term pressure on Airtel’s stock, according to livemint.com.
The listing of Jio Platforms is expected to introduce structural shifts in the Indian telecom market by setting new valuation standards. Jio’s valuation benchmark could influence investor assessments of competitors, particularly Bharti Airtel and Vodafone Idea. The move comes amid industry consolidation and tariff increases that have already benefited Airtel’s average revenue per user (ARPU). The IPO is seen as a pivotal event that could reshape investor sentiment and sector valuations, per livemint.com.
Jio Platforms’ IPO pricing and valuation details were reported this week, with the company yet to announce the official timeline or price band. The telecom sector will closely watch the IPO’s impact on listed peers, especially Airtel, as the market digests the new valuation benchmark, according to livemint.com.