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Jio Platforms IPO: Market experts bullish, expect market cap to double in 4 years
- •Jio Platforms IPO has opened for anchor investors, with the main issue available for all investors from Wednesday at a price band of 1065 to 1119 rupees per share.
- •The company is set to make history in the Indian market with an issue size exceeding 30000 crore rupees, backed by strong subscriber growth and digital expansion.
- •Market veterans including Ramesh Damani, Vallabh Bhanshali, and Deven Choksey have expressed immense confidence, predicting the market cap could double in four years.
- •Brokerages like Motilal Oswal, Religare, and SMIFS have issued positive views, advising investors to subscribe for long-term gains.
- •Key growth drivers for the future include potential ARPU increases, tariff hikes, AI integration, and expansion in data center industries.
Key Questions Answered
The Jio Platforms IPO price band is set between Rs 1,065 and Rs 1,119 per share, with anchor investors bidding on October 19, 2026. The public issue opens for subscription on Wednesday, October 21, 2026, and closes on Friday, October 23, 2026.
The Jio Platforms IPO aims to raise over Rs 30,000 crore (specifically up to Rs 30,213 crore), making it a massive milestone in the Indian market. The offering consists entirely of a fresh issue of up to 27 crore equity shares with a face value of Rs 10 each.
Within the IPO offering, shares worth Rs 2,500 crore have been specifically reserved for eligible existing Reliance Industries shareholders. Additionally, an allocation and quota of Rs 500 crore has been set aside for company employees to participate.
