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Jio Platforms IPO: Antique gives subscribe rating with 7 key growth reasons
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CNBC Awaaz•21-10-2026, 11:34
Jio Platforms IPO: Antique gives subscribe rating with 7 key growth reasons
- •Brokerage firm Antique has issued a subscribe rating for Jio Platforms IPO with an estimated potential upside of about 17%.
- •Jio's valuations are in line with competitors like Bharti Airtel and Bharti Hexacom.
- •Potential tariff hikes and upgrade of JioBharat users could increase earnings per customer.
- •Home broadband and enterprise digital services offer massive new revenue pathways for the company.
- •Jio plans to leverage its proprietary technology and massive network infrastructure to reduce capex pressure.
Key Questions Answered
The Jio Platforms IPO opens for subscription on October 21 and closes on October 23, with the share listing scheduled for October 28. The price band for the issue is set between Rs 1,065 and Rs 1,119 per share, aiming to raise up to Rs 30,213 crore.
Brokerage firm Antique issued a 'subscribe' rating due to seven key growth catalysts, including potential earnings boosts from tariff hikes, home broadband expansion, enterprise digital services, and technology exports.
Jio Platforms is looking to raise up to Rs 30,213 crore through a fresh issue of 27 crore equity shares, making it potentially India's largest-ever initial public offering.
