The Rs 10 Lakh Cr digital giant: Is Jio Platforms’ 34x P/E band built for a rerating?
Jio Platforms has fixed its IPO price band at Rs 1,065-1,119 per share. At the upper end, the issue could raise Rs 30,213 crore, making it India’s largest-ever initial public offering (IPO), surpassing Hyundai Motor India’s Rs 27,858.75 crore issue in 2024.
Can Jio Platforms justify a valuation of over Rs 10 lakh crore, and how much room does its IPO offer investors? Akash Ambani and Isha Ambani outlined the company’s plans and pricing approach, while banker Uday Kotak discussed its valuation against peers. Brokerage reports, meanwhile, offer another way to assess whether the asking price is reasonable.
