Anand Rathi Recommends Subscribe for Jio Platforms IPO

Brokerage firm Anand Rathi issued a 'Subscribe – Long Term' rating for the upcoming Jio Platforms IPO, citing market leadership and an integrated digital ecosystem.

At the upper issue price, the digital services arm of Reliance Industries is valued at approximately ₹10.3 lakh crore, or 34.3 times its FY26 P/E ratio.

Reliance Jio Infocomm had 533.3 million customers as of June 30, 2026, capturing roughly 49.8% of India's wireless broadband market, according to the brokerage report.