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Anand Rathi Recommends Long-Term Subscribe for Jio Platforms Ltd IPO
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Moneycontrol•19-10-2026, 11:43
Anand Rathi Recommends Long-Term Subscribe for Jio Platforms Ltd IPO
- •Jio Platforms Limited is a leading Indian technology company focused on digital connectivity, services, and solutions.
- •Subsidiary Reliance Jio Infocomm Limited served 533.3 million customers as of June 30, 2026, providing a massive user base.
- •The company operates an integrated technology platform spanning consumer apps, enterprise solutions, cloud services, IoT, and AI.
- •At the upper issue price, the valuation is 34.3x FY2026 P/E and 14.8x FY2026 EV/EBITDA with a market cap of around ₹10,304,905 million.
- •Analysts recommend a Subscribe for Long Term rating due to strong profitability, market leadership, and growth prospects in AI and broadband.
Key Questions Answered
The Jio Platforms IPO features a price band of Rs 1,065 to Rs 1,119 per share. The public subscription window opens on October 21, 2026, and closes on October 23, 2026, with the anchor investor bidding scheduled for October 19, 2026.
At the upper end of the price band, Jio Platforms is valued at 34.3x FY2026 P/E and 14.8x FY2026 EV/EBITDA, which implies a market capitalization of approximately ₹10,304,905 million or about Rs 10.3 lakh crore.
Anand Rathi recommends a "Subscribe – Long Term" rating for the issue, citing the company's leadership position in India's digital ecosystem, strong profitability, scalable technology platform, and significant growth opportunities in AI, enterprise digital services, and fixed broadband.
