Strong investor demand and a resilient grey market premium fuel expectations of a blockbuster listing for Mukesh Ambani's digital giant
With expectations of a tariff hike soon after Jio's IPO, Motilal Oswal Financial Services expects strong earnings delivery, which could also lead to potential multiple re-rating for Bharti and JPL.
Jio Platforms is paying 19 banks about ₹196 crore in fees for its $3.1 billion IPO, just 0.65% of the issue size, as fierce competition squeezes investment banking earnings.
Sensex Today | Stock Market Highlights, Friday: In the broader markets, the Nifty MidCap 100 and the Nifty SmallCap 100 fell 2.21 per cent and 2.94 per cent, respectively
Qualified institutional buyers bid 13.29 times the quota reserved for them, while retail investors subscribed 1.54 times
Sensex Today | Stock Market Highlights, Thursday: In the broader markets, the Nifty MidCap 100 and the Nifty SmallCap 100 fell 0.87 per cent and 1.17 per cent, respectively
The $3.2 billion IPO drew bids for 3.47 times the shares on offer on its second day, led by qualified institutional buyers whose quota was subscribed 9.42 times, exchange data showed
IT stocks gained ₹77,000 crore in market value, cushioning the Nifty's 0.34% decline on Wednesday, while banking and financial stocks lost around ₹81,000 crore amid rising bond yields.
QIBs lead at 9.42x their quota, while retail investors subscribe to just 0.73x
Ahead of Jio's IPO, Akash Ambani discusses the company's valuation, governance, telecom tariffs, AI ambitions, satellite broadband plans and opportunities for global expansion
Jio Platforms' ₹8,110 crore anchor book draws bids exceeding ₹2.5 trillion, with global investors, mutual funds and insurers competing for shares ahead of its ₹30,213 crore IPO
Jio Platforms is set to raise up to $3.2 billion at a valuation of $108.3 billion in what will be India's biggest ever IPO
The Jio Platforms listing is about unified vision and choice; Tata Sons' possible IPO faces a divided house
Brokerages say the firm is well positioned to sustain industry-leading growth, given market leadership, multiple triggers
The conglomerate has reached out to staff across its group companies and encouraged them to open trading accounts, as Mukesh Ambani seeks to build interest in the proposed $3.2 billion listing
Industrialist Dhirubhai Ambani, the founder of the group, took Reliance Textile Industries, which later became RIL, public in 1977
JPL developing own satellite constellation, evaluating partnerships with global cos
Chairman of Reliance Jio Akash Ambani said that Jio Platforms aims to capture a large share of India's $1.4 trillion digital economy by FY31, as it expands AI services in 12 Indian languages
India's largest telecom operator, Reliance Jio, will launch its IPO on October 21 at a price band of ₹1,065-1,119 per share.
Thus far in 2026, Bharti Airtel stock underperformed and was down 12%.