Historic Listing Reaction | Gurmeet Chadha On What Makes The Jio Story Strong
India’s biggest IPO has made a historic debut on the bourses, listing at Rs 1,358, a premium of 21 percent, with a market capitalisation of over Rs 12.5 lakh crore that makes Jio Platforms India’s 2nd largest listed company and the first public listing from the Reliance Group in 20 years. In this conversation, Gurmeet Chadha, Managing Partner and CIO at Compcircle, shares his view on the listing and what makes the company’s story compelling. Viewers get a clear sense of how analysts are reading the debut, from the strength of its 22.2 times subscription and over one crore applications to the company’s 533.3 million customers, 284.9 million 5G users, rising ARPU and a stronger balance sheet with lower debt. He also talks about the growth triggers ahead, including tariff hikes, satellite communications, home broadband, AI, cloud and global expansion. Watch to understand the strengths analysts see in one of the most talked-about listings in Indian market history, and what they could mean for the company’s journey as a public company.
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