Anand Rathi backs Jio Platforms IPO for the long term
In short
Anand Rathi says investors should subscribe to Jio Platforms’ upcoming IPO for the long term. It values the company at about ₹10.3 lakh crore at the top end of the price range.
The brokerage likes Jio’s market position and digital business, but says there are risks too. The reporting does not say how big the offer is or when it will list.
What the reporting says
Anand Rathi reportedly recommended subscribing to Jio Platforms’ upcoming IPO for the long term, valuing the company at about ₹10.3 lakh crore at the upper price. The brokerage cited market leadership, an integrated digital ecosystem and growth prospects while flagging some risks. The available reporting does not give the offer size, listing date or the specific risks mentioned.
Why it matters
Anand Rathi’s reported view is positive on Jio Platforms’ upcoming issue, with a long-term subscription recommendation and an upper-end valuation of about ₹10.3 lakh crore. The brokerage points to market leadership and an integrated digital ecosystem as support for the call, while also noting risks. The story does not disclose the IPO size, timing, or the precise nature of those risks.