Jio Platforms has attracted significant attention from investors ahead of its stock market debut. With the listing approaching, market participants are weighing its valuation, potential listing gains and long-term growth prospects. The grey market premium (GMP) has reportedly remained around 22%, adding to expectations of a positive debut.
Market experts have shared different views on the company’s valuation and future market capitalisation. While some expect a short-term price increase, others believe the stock’s long-term performance will depend on its business growth and financial results.
Jio Platforms IPO: What Experts Expect on Listing Day
Market veteran Arun Kejriwal has pointed to the strong subscription response as evidence of investor interest in Jio Platforms. He suggested that the shares could list in the range of ₹1,330 to ₹1,380 per share.
Kejriwal also highlighted the competitive position of Jio and Bharti Airtel. According to his assessment, Jio has a larger subscriber base and has completed its first decade in the telecom industry. Both companies are expected to compete for investor attention, while Bharti Hexacom and Vodafone Idea remain other listed telecom stocks to watch.
These views reflect market expectations rather than a guaranteed listing price or future performance.
Jio Platforms Valuation: Why Investors Are Interested
Sandip Sabharwal of Asksandipsabharwal.com said the IPO received a favourable response partly because its pricing was not considered overly aggressive. He also suggested that investors may be anticipating greater pricing discipline in the telecom sector following Jio’s listing, potentially supporting an increase in average revenue per user (ARPU) across the industry.
Sabharwal also considers the stock relatively inexpensive compared with its historical valuations.
However, the company’s actual valuation after listing will depend on investor demand, business performance and broader market conditions.
Can Jio Platforms Double Its Market Capitalisation?
Deven R Choksey, Managing Director of DRChoksey Finserv, has cautioned investors against getting carried away by the excitement surrounding the listing.
He said that Jio Platforms’ market capitalisation, estimated at around ₹10 lakh crore at the IPO stage, could potentially double over the next 4.5 to five years. If that happens, he believes the company could become India’s second-largest company by market capitalisation after Reliance Industries.
This remains a long-term projection rather than a confirmed outcome. Investors will need to monitor the company’s growth, profitability and ability to maintain its competitive position.
Listing Gains and Long-Term Investment Outlook
Veteran market expert Ambareesh Baliga expects Jio Platforms to see a positive listing-day move. He estimated a possible premium of around 10% over the issue price, adding that the IPO valuation appeared to leave some room for gains.
Meanwhile, according to the report cited by INvestorgian, Jio Platforms’ grey market premium stood at ₹248 the previous night. Based on that figure, the implied listing price was ₹1,367, representing a potential gain of 22.16%.
Grey market premiums are unofficial indicators and can change before listing. They do not guarantee the actual listing price or returns.
Analysts have also described Jio Platforms as a potential long-term accumulation opportunity, citing expectations of strong operating performance. The company is expected to target a leading position in the telecom sector, with projected EBITDA margins above 50% and a significant share of the wireless and broadband markets.
Ultimately, investors should distinguish between short-term listing expectations and the company’s longer-term business prospects. Financial performance, valuation and competitive developments will remain important factors in assessing the stock after listing.
Disclaimer
This article is for informational and educational purposes only and does not constitute investment advice or a recommendation to buy, hold or sell Jio Platforms shares. Expert opinions, grey market premiums and projected valuations are estimates that may change and are not guarantees of future performance. Investors should review official company disclosures, assess their financial goals and risk tolerance, and consult a qualified financial adviser before making investment decisions.