Jio Platforms: Motilal recommends long-term investment but Nomura prefers Bharti Airtel

Jio Platforms’ Rs 30,213-crore initial public offering (IPO) closed for subscription on October 23, 2026, with the company fixing the issue price at Rs 1,119 per share and the listing on October 28, valuing the company at around Rs 10.3 lakh crore.

Motilal Oswal Wealth Management sees long-term value citing Jio’s market leadership, earnings growth and opportunities in broadband, enterprise technology and AI. Nomura, meanwhile prefers Bharti Airtel, citing its premium subscriber mix and stronger ability to benefit from tariff increases.