Jio IPO: At 22% GMP, Jio could pip Airtel to become India’s second-most valued firm; Reliance Group eyes Tata’s m-cap crown
Fortune India 2 hrs ago·25 Oct 2026, 5:23 am
Jio’s upcoming IPO is being priced with a 22% gross market premium, a level that could lift its market value close to that of Bharti Airtel and make it the second‑most valuable listed firm in India.
For Airtel investors, the prospect of Jio overtaking its rival adds competitive pressure. Jio’s massive subscriber base and strong financial backing could enable it to push for higher average revenue per user and accelerate network upgrades, factors that may influence Airtel’s growth outlook and valuation multiples.
Investors should keep an eye on the final IPO pricing, allocation details and early trading dynamics, as well as any strategic moves Jio makes after listing. Monitoring Airtel’s earnings guidance and market‑share trends will also be key to gauging the broader impact.
Excerpt from Fortune India
At an estimated market capitalisation of ₹10.3 lakh crore at the upper end of its IPO price band of ₹1,065-₹1,119 per share, Jio Platforms would rank as India’s third-most valuable listed company, behind Reliance Industries and HDFC Bank. Based on BSE closing figures on October 23, it would rank ahead of ICICI Bank,…Read the original at Fortune India
Affected stocks
Bullish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Bharti Airtel (BHARTIARTL).
- Category: IPO.
- AI reads the tone as positive (potentially bullish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development for Bharti Airtel and could move the stock. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
