2026-10-30 02:40:17 pm | Source: SMC Global Securities Ltd
Comment on Jio Platform listing by Ajay Garg, Director & CEO, SMC Global Securities
Below the Comment on Jio Platform listing by Ajay Garg, Director & CEO, SMC Global Securities
Jio Platforms made a strong debut, opening at Rs1,358 per share, a 21.36% premium over its IPO price of Rs1,119. The IPO was subscribed 22.19 times, reflecting strong investor demand.
For investors who applied mainly for listing gains, booking profits, either fully or partially, is worth considering. Those looking to stay invested for the long term should focus on Jio’s earnings growth and how effectively it can improve customer monetisation.
Jio reported revenue of Rs1,46,885 crore and net profit of Rs 30,049 crore in FY26. At its IPO valuation of around Rs10.3 lakh crore, it was valued at roughly 34 times FY26 earnings. After listing, investors should reassess the stock’s valuation against its current market price and future earnings potential.
A strong listing gives investors an opportunity to lock in gains, but it does not guarantee further upside. For long-term investors, the key is whether Jio can deliver enough earnings growth to justify its valuation at current market prices.
For investors who applied mainly for listing gains, booking profits, either fully or partially, is worth considering. Those looking to stay invested for the long term should focus on Jio’s earnings growth and how effectively it can improve customer monetisation.
Jio reported revenue of Rs1,46,885 crore and net profit of Rs 30,049 crore in FY26. At its IPO valuation of around Rs10.3 lakh crore, it was valued at roughly 34 times FY26 earnings. After listing, investors should reassess the stock’s valuation against its current market price and future earnings potential.
A strong listing gives investors an opportunity to lock in gains, but it does not guarantee further upside. For long-term investors, the key is whether Jio can deliver enough earnings growth to justify its valuation at current market prices.
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