Jio Platforms IPO Prices at ₹74.50, Expects 10x Oversubscription, Eyes ₹1.3 Trn Valuation

Jio Platforms priced its fresh issue at ₹74.50 per share, valuing the company at ₹1.3 trn, according to the IPO prospectus released on Monday.

The deal attracted a 10.03‑fold demand, with 18.6 million shares sought for every share offered, eclipsing the 10× target set by the registrar. The bid‑to‑offer ratio stood at 10.42, the highest in the past five years for an Indian IPO.

Analyst estimates had pegged the price between ₹70–75, so the final figure sits slightly above the upper band. The valuation multiple—EV/EBITDA of 17.8×—is about 1.4× higher than the telecom sector average of 12.6×, reflecting Jio’s broader digital platform footprint.

Sector experts note that the surge in digital‑services spending, especially in 5G and cloud‑edge computing, underpins Jio’s revenue‑growth trajectory. The company’s enterprise arm, JioCloud, has been projecting a 35% CAGR, which feeds into the higher valuation.

Looking ahead, Jio will deliver its first quarterly results on 30 April, with a guidance window that is expected to be favorable if the subscriber base continues to grow at 12% YoY. The company’s board has signaled intention to roll out a new AI‑driven ad platform, which could add an additional 10% to top‑line growth.

For investors, the immediate takeaway is a short‑term upside from the listing and a long‑term upside from the platform’s expanding ecosystem. Market reaction has been largely positive, with the stock opening at ₹88.30, a 18.8% jump from the listing price.