Jio IPO may be valued at Rs 11 lakh crore: What it means for RIL, Bharti Airtel and telecom stocks

Reliance Industries' telecom and digital-services arm Jio Platforms is set to launch a about Rs 30,000 crore IPO, potentially the largest in Indian history, surpassing Hyundai Motor India's Rs 27,800 crore issue. The price band is reported at Rs 1,065-1,119 per share, implying a market value of up to Rs 11 lakh crore based on Motilal Oswal estimates, trading at around 10.5-12 times FY28 EV/EBITDA versus Bharti Airtel's India business at about 10.3 times. The subscription window is scheduled for October 21-23 with listing planned for October 28, and marquee investors are seeking to increase their exposure rather than sell existing stakes.