Anand Rathi backs Jio Platforms IPO, citing long-term AI and connectivity potential
Anand Rathi values the Jio Platforms IPO at about Rs.10.3 lakh crore at the upper price and sees reasonable valuation. Based on the brokerage's report.
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what happened
Brokerage Anand Rathi values the upcoming issue of Jio Platforms, the digital services arm of Reliance Industries, at about Rs.10.3 lakh crore at the upper end of the issue price. It recommends a 'Subscribe - Long Term' rating, pointing to the company's market leadership, integrated digital ecosystem and long-term growth prospects.
At the upper price, the company trades at 34.3 times its FY26 price-to-earnings ratio and 14.8 times FY26 EV/EBITDA. The brokerage considers this reasonable given profitability, a scalable technology platform and opportunities in AI, enterprise digital services and fixed broadband.
Anand Rathi flags telecom regulation, spectrum requirements, technological disruption and cybersecurity threats as key risks.
why it matters
For the IPO market, this is a large offering and a notable test of investor appetite for Indian tech and telecom assets. The multiples cited by the brokerage will likely serve as a reference point when comparing the deal with peers and with parent Reliance Industries.
market impact
Reliance Industries and Indian equities: a large listing may shape demand and valuation across the group
tags
instruments
sources
- Jio Platforms IPO: Should you subscribe? Anand Rathi sees long-term potential in AI, reasonable valuations — Moody's, 19 October 2026 at 18:19 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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