Jio Platforms' IPO: A Transformative Leap in Valuation

ICICI Securities anticipates Jio Platforms' upcoming IPO to achieve 'premium valuations,' paralleling its previous equity raise in FY21. By September 2027, the company's equity value is estimated at USD 148 billion. This optimism is underpinned by robust financial fundamentals and a strategic push towards 5G adoption.

ICICI Securities projects that Jio Platforms' forthcoming IPO could replicate the 'premium valuations' seen during its renowned equity raise in FY21. The brokerage sets the equity value of the company at USD 148 billion by September 2027, highlighting a burgeoning confidence buoyed by stronger financial underpinnings within the sector.

The heightened valuation expectations also extended to other Indian telecom operators, driven by an enhanced tariff framework and a significant momentum towards 5G integration—factors contributing to premiumisation trends. Jio Platforms' potential stock market debut, slated for the first half of 2026, could influence these valuations positively, marking it as one of the largest share offerings in Indian capital market history.

RIL Chairman Mukesh Ambani, in the annual shareholder meeting, underscored the IPO's appeal, stating it showcases Jio's potential to parallel global value creation. With earlier substantial investments from prominent firms like Facebook and Google, Jio Platforms aims to leverage its market leadership and digital services expansion for substantial growth.

(With inputs from agencies.)