Listing - Oct 28 - Jio Platforms Ltd - holding company of Jio Infocomm, Jio Fiber, Jio apps - listed after demerger from Reliance Industries July 2025 - shareholders got 1:1 - issue price Rs 1,100 determined by discovered price mechanism - opened at Rs 1,331 - premium 21% - closed at Rs 1,450 - gain extended to 32% vs issue. M-cap Rs 12.3 lakh crore, 7th most valued in India after Reliance (Rs 19 lakh cr), TCS, HDFC Bank, Bharti Airtel, ICICI, Infosys.
Why premium? Investors weighted with gratitude. Gratitude? Actually letter - Akash Ambani - Chairman - institutional investors — oversubscribed? In IPO? Not IPO but demerger listing - but pre-listing — institutional investor in its IPO base -oversubscribed 8x - NII 12x? Actually anchor?
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Jio subscriber base 50 crore, ARPU Rs 195, 5G rollout complete - 4 lakh sites, 90% population covered - Jio 5G standalone - fastest globally - 1 Gbps.
Jio Platforms also includes Al - JioBrain - Al platform for enterprise - partnership with Nvidia 2,000 GPUs.
Mukesh Ambani's plan - list Jio, Retail separately by 2027 - unlock value - Reliance Retail valuation $100 bn - Jio $150 bn.
Retail investors - holding via Reliance got windfall - Reliance cost Rs 2,500 pre-demerger, now Jio value Rs 1,331 - effective cost - demerger reduced Reliance price to Rs 2,400.
Snapshot - Best Public Offering - image - Amul? Actually "EnJio the biggest IPO" - picture of Amul? Cover.
Market - Sensex flat - 0.48% lower? Actually.
For telecom — Jio vs Airtel - Airtel ARPU Rs 230 higher - Jio needs to raise ARPU to Rs 250 to justify valuation - tariff hike expected Dec 2026 - 15%.
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Next - Jio Financial already listed - Jio Financial Services - m-cap Rs 2 lakh crore.
For India - largest listing - LIC 2022 - Rs 21,000 crore issue - Jio listing without issue - but market cap bigger - shows digital economy value - data is oil.
Tags: #JioPlatforms #Listing #RelianceJio #IPO #AkashAmbani #5G #MarketCap #Demeraer