Stories
Jio IPO Analysts Bullish Expecting Strong Listing Gains and Growth.
- •The Jio Platforms IPO will open from October 21 to October 23, 2026, with a price band fixed at ₹1,065 to ₹1,119 per share.
- •Market signals suggest that the stock is expected to deliver listing gains of up to 15 to 20 percent for investors.
- •Brokerage firm Emkay Global has issued a Subscribe rating on the IPO, citing strong telecom market position and pricing power.
- •Jio recorded a revenue CAGR of 15.8 percent and profit growth of 18.4 percent between financial years 2024 and 2026.
- •The heavy capital expenditure cycle on 5G network rollout is expected to taper off, boosting future cash flows and debt repayment capacity.
Key Questions Answered
The Jio Platforms IPO will open for subscription from October 21 to October 23, 2026, with anchor bidding on October 19. The price band has been fixed at ₹1,065 to ₹1,119 per share, giving the company an estimated valuation of around ₹10.30 lakh crore at the upper price band.
Analysts are positive on the IPO, expecting listing day gains of up to 15-20% based on market signals. Unlisted shares commanded a grey market premium of ₹230 per share on October 16, pointing to a potential listing premium of approximately 20.6% over the upper price band.
Emkay Global and SBI Securities have issued positive outlooks, with Emkay giving a 'Subscribe' rating due to strong revenue and EBITDA growth. At the upper price band, Emkay estimates the post-issue FY26 P/E at 31.7 to 33.3x, while SBI Securities projects it around 34.4x.
