{"id":310039,"date":"2026-10-15T11:24:19","date_gmt":"2026-10-15T05:54:19","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=310039"},"modified":"2026-10-15T11:24:19","modified_gmt":"2026-10-15T05:54:19","slug":"reliance-jio-initial-public-offering-win-win-for-telecom-stocks-ril-airtel-vodafone-idea-shares-rise-up-to-3-6-percent-what-should-you-do","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-win-win-for-telecom-stocks-ril-airtel-vodafone-idea-shares-rise-up-to-3-6-percent-what-should-you-do\/","title":{"rendered":"Reliance Jio IPO a Win-Win for Telecom Stocks! RIL, Airtel and Vodafone Idea Shares Rise Up to 3.6%: What Should You Do?"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>The Jio IPO filing lifted telecom shares on Thursday 15 Oct 2026: Reliance Industries rose as much as 2.56% to Rs 1,204.7 and Bharti Airtel rose 3.36% to Rs 1,849.1. Jio Platforms plans a fresh issue of up to 27 crore shares at Rs 1,065 to Rs 1,119 (up to Rs 30,213 crore), opening 21 Oct. MOFSL sees a possible re-rating for Airtel and value unlocking for RIL. I could not verify the Vodafone Idea move.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Jio IPO filing has lifted telecom stocks on 15 October 2026, with Reliance Industries up as much as 2.56% to Rs 1,204.7 and Bharti Airtel up 3.36% to an intraday high of Rs 1,849.1. Jio Platforms plans a fresh issue of up to 27 crore shares at a price band of Rs 1,065 to Rs 1,119, raising up to Rs 30,213 crore, with the issue open from 21 to 23 October. Motilal Oswal (MOFSL) says the listing could re-rate Bharti Airtel and unlock value in Reliance, and it keeps a Buy on both. Whether the Jio IPO is a win-win for every telecom stock is unproven, so investors should separate the sentiment gain from what the filing changes in earnings.<\/p>\n<\/p><\/div>\n<p>The Jio IPO is the largest public offering India has seen, and its filing has renewed attention on the whole telecom sector. Telecom shares rose on Thursday, led by Bharti Airtel, and the headline adds Vodafone Idea to the list of gainers.<\/p>\n<p>This guide explains the offer terms, what the Jio IPO could mean for Reliance Industries, Bharti Airtel and Vodafone Idea, what MOFSL expects on valuation and tariffs, the risks and a practical checklist. Figures come from the reports I could verify, and I label my own calculations.<\/p>\n<p>This is not a recommendation to apply for the issue or to buy any telecom stock.<\/p>\n<p style=\"margin-top:24px;\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-win-win-for-telecom-stocks-ril-airtel-vodafone-idea-shares-rise-up-to-3-6-percent-what-should-you-do\/#Jio_IPO_Terms_What_the_Filing_Says\" title=\"Jio IPO Terms: What the Filing Says\">Jio IPO Terms: What the Filing Says<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-win-win-for-telecom-stocks-ril-airtel-vodafone-idea-shares-rise-up-to-3-6-percent-what-should-you-do\/#How_Telecom_Stocks_Reacted_to_the_Jio_IPO\" title=\"How Telecom Stocks Reacted to the Jio IPO\">How Telecom Stocks Reacted to the Jio IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-win-win-for-telecom-stocks-ril-airtel-vodafone-idea-shares-rise-up-to-3-6-percent-what-should-you-do\/#What_MOFSL_Says_About_the_Jio_IPO_and_Valuation\" title=\"What MOFSL Says About the Jio IPO and Valuation\">What MOFSL Says About the Jio IPO and Valuation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-win-win-for-telecom-stocks-ril-airtel-vodafone-idea-shares-rise-up-to-3-6-percent-what-should-you-do\/#Is_the_Jio_IPO_a_Win-Win_for_Telecom_Stocks\" title=\"Is the Jio IPO a Win-Win for Telecom Stocks?\">Is the Jio IPO a Win-Win for Telecom Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-win-win-for-telecom-stocks-ril-airtel-vodafone-idea-shares-rise-up-to-3-6-percent-what-should-you-do\/#Grey_Market_Premium_and_the_Jio_IPO\" title=\"Grey Market Premium and the Jio IPO\">Grey Market Premium and the Jio IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-win-win-for-telecom-stocks-ril-airtel-vodafone-idea-shares-rise-up-to-3-6-percent-what-should-you-do\/#What_Should_Investors_Do_Now\" title=\"What Should Investors Do Now?\">What Should Investors Do Now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-win-win-for-telecom-stocks-ril-airtel-vodafone-idea-shares-rise-up-to-3-6-percent-what-should-you-do\/#What_to_Watch_Next_After_the_Jio_IPO_Filing\" title=\"What to Watch Next After the Jio IPO Filing\">What to Watch Next After the Jio IPO Filing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-win-win-for-telecom-stocks-ril-airtel-vodafone-idea-shares-rise-up-to-3-6-percent-what-should-you-do\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-win-win-for-telecom-stocks-ril-airtel-vodafone-idea-shares-rise-up-to-3-6-percent-what-should-you-do\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-win-win-for-telecom-stocks-ril-airtel-vodafone-idea-shares-rise-up-to-3-6-percent-what-should-you-do\/#What_are_the_details_of_the_Jio_IPO\" title=\"What are the details of the Jio IPO?\">What are the details of the Jio IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-win-win-for-telecom-stocks-ril-airtel-vodafone-idea-shares-rise-up-to-3-6-percent-what-should-you-do\/#Which_telecom_stocks_rose_on_the_Jio_IPO_news\" title=\"Which telecom stocks rose on the Jio IPO news?\">Which telecom stocks rose on the Jio IPO news?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-win-win-for-telecom-stocks-ril-airtel-vodafone-idea-shares-rise-up-to-3-6-percent-what-should-you-do\/#What_is_the_lot_size_of_the_Jio_IPO\" title=\"What is the lot size of the Jio IPO?\">What is the lot size of the Jio IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-win-win-for-telecom-stocks-ril-airtel-vodafone-idea-shares-rise-up-to-3-6-percent-what-should-you-do\/#What_does_MOFSL_say_about_Bharti_Airtel_and_Reliance\" title=\"What does MOFSL say about Bharti Airtel and Reliance?\">What does MOFSL say about Bharti Airtel and Reliance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-win-win-for-telecom-stocks-ril-airtel-vodafone-idea-shares-rise-up-to-3-6-percent-what-should-you-do\/#Is_the_Jio_IPO_good_for_Vodafone_Idea\" title=\"Is the Jio IPO good for Vodafone Idea?\">Is the Jio IPO good for Vodafone Idea?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-win-win-for-telecom-stocks-ril-airtel-vodafone-idea-shares-rise-up-to-3-6-percent-what-should-you-do\/#Will_telecom_tariffs_rise\" title=\"Will telecom tariffs rise?\">Will telecom tariffs rise?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-win-win-for-telecom-stocks-ril-airtel-vodafone-idea-shares-rise-up-to-3-6-percent-what-should-you-do\/#What_is_the_grey_market_premium_for_the_Jio_IPO\" title=\"What is the grey market premium for the Jio IPO?\">What is the grey market premium for the Jio IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-win-win-for-telecom-stocks-ril-airtel-vodafone-idea-shares-rise-up-to-3-6-percent-what-should-you-do\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Jio_IPO_Terms_What_the_Filing_Says\"><\/span><strong>Jio IPO Terms: What the Filing Says<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price band<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,065 to Rs 1,119 per share<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Fresh issue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up to 27 crore equity shares of face value Rs 10<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issue size at the cap price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 30,213 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Anchor bidding<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">19 October 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Subscription<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">21 October to 23 October 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Minimum bid<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">12 shares and multiples of 12; one lot is Rs 13,428 at the cap (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Employee discount<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 54 per share for eligible employees<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reservations<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up to Rs 500 crore for employees and up to Rs 2,500 crore for Reliance shareholders<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reliance holding in Jio Platforms<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">66.43%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Use of proceeds<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Partly to repay subsidiary borrowings, per the report headline; I could not verify the split<\/td>\n<\/tr>\n<\/table>\n<p>At the cap price, 27 crore shares come to Rs 30,213 crore, which matches the reported size (my calculation). That is about 8% above the Rs 27,858.75 crore raised by Hyundai Motor India in 2024, the previous record (my calculation). One report puts the raise at up to 3.2 billion dollars.<\/p>\n<p>Because the Jio IPO is entirely fresh, Reliance is not selling its stake, and the Jio IPO adds capital to Jio Platforms. Please confirm the use of proceeds in the red herring prospectus.<\/p>\n<p><strong>Risk:<\/strong> Jio IPO terms can be revised before opening, so check the final prospectus and exchange notices.<\/p>\n<p style=\"margin-top:24px;\"><strong>Screen telecom stocks on the Univest Screener<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Telecom_Stocks_Reacted_to_the_Jio_IPO\"><\/span><strong>How Telecom Stocks Reacted to the Jio IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Stock<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Move on 15 Oct 2026<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reliance Industries<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up as much as 2.56% to Rs 1,204.7<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Another report showed about Rs 1,183.60 early in the session<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bharti Airtel<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 3.36% to a high of Rs 1,849.1<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Telecom services sector up about 2.18%, so Airtel beat it by about 1.2 points<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Vodafone Idea<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not verified<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The headline says telecom stocks rose up to 3.6%; I could not confirm which stock it refers to<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sensex<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 1%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A broad rally on the day, so part of the move is the market<\/td>\n<\/tr>\n<\/table>\n<p>Part of the telecom gain came from a market that was up about 1%, so the Jio IPO effect is smaller than the headline moves. Bharti Airtel&#8217;s rise was stock specific by one report&#8217;s reading, but that report names no catalyst.<\/p>\n<p>A technical view of Airtel is cautious: it is above its 5-day and 20-day averages but below its 50-day, 100-day and 200-day averages, and the report calls the surge a counter-trend bounce. It is down about 11.5% this year and about 95% up over three years.<\/p>\n<p><strong>Risk:<\/strong> A one day gain on news can fade if the market turns or the Jio IPO draws a weak response.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_MOFSL_Says_About_the_Jio_IPO_and_Valuation\"><\/span><strong>What MOFSL Says About the Jio IPO and Valuation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Point<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">MOFSL view<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Valuation assumed<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 11 lakh crore, roughly 114 billion dollars<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Multiple implied<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 12 times FY28 estimated EV\/EBITDA<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Versus Bharti&#8217;s India business<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 17% premium to 10.3 times implied for it<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bharti Airtel<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Possible re-rating; fear of fund switching is overstated; Buy<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reliance Industries<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Room to value unlock on its 66.4% stake; the stock already reflects an 18% to 36% holdco discount; Buy<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Free float of Jio Platforms<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 3% expected<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tariffs<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Models a roughly 15% smartphone tariff hike in December 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA growth<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 15% compound annual rate over FY26 to FY29 estimates<\/td>\n<\/tr>\n<\/table>\n<p>The 12 times against 10.3 times works out to about a 16.5% premium (my calculation), which matches MOFSL&#8217;s 17%. The brokerage sees no case for a big discount on Bharti, since it assigns a similar multiple to both. One other report cites a target valuation of about 108.3 billion dollars, so the valuation range differs by source.<\/p>\n<p>MOFSL notes that Bharti discontinued its Rs 299 daily data pack and that Jio relaunched its JioPrime membership, which it reads as signs that a tariff hike could be near. MOFSL blames a delayed tariff hike for Bharti being down 15% and RIL down 23% this year as of 7 October, against a 13% fall in the Nifty 50. These are the brokerage&#8217;s views, not facts.<\/p>\n<p><strong>Risk:<\/strong> The re-rating thesis depends on the issue pricing well and on tariffs rising, and neither is certain.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the Univest iOS App or Univest Android App to track Reliance and Bharti Airtel and get price alerts.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Is_the_Jio_IPO_a_Win-Win_for_Telecom_Stocks\"><\/span><strong>Is the Jio IPO a Win-Win for Telecom Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Stock<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Possible upside<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Possible concern<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reliance Industries<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A listing prices Jio&#8217;s value in the market and may narrow the holdco discount<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">RIL&#8217;s own shares may lose a growth story if Jio is valued at a premium by others<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bharti Airtel<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A premium for Jio supports a similar multiple for Airtel<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Some investors may switch money from Airtel to Jio, though MOFSL calls this overstated<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Vodafone Idea<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sector sentiment and tariff hopes<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Heavy debt and weak cash flow, so the benefit is indirect; I could not verify the day&#8217;s price move<\/td>\n<\/tr>\n<\/table>\n<p>The win-win label for the Jio IPO is a headline, not an analysis. The shared gain is mainly sentiment about a possible tariff hike and a fair value marker for the sector. The risks differ by company, and Vodafone Idea sits in a different position because of its balance sheet.<\/p>\n<p><strong>Risk:<\/strong> Treating all telecom stocks as winners ignores the differences in debt, market share and cash flow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Grey_Market_Premium_and_the_Jio_IPO\"><\/span><strong>Grey Market Premium and the Jio IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Grey market premium (GMP) is an unofficial, unregulated indicator for the Jio Platforms IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Do_Now\"><\/span><strong>What Should Investors Do Now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">If you are<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">A sensible approach<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A Reliance or Airtel shareholder<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Review your position against your horizon; avoid adding only because of a one day move<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Considering the Jio IPO<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Read the Jio IPO prospectus, check the valuation and decide your lot size before 21 October<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A trader<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Expect volatility around the anchor day on 19 October and the close on 23 October<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Interested in Vodafone Idea<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Check debt, subscriber trends and tariff plans first<\/td>\n<\/tr>\n<\/table>\n<p>A tariff hike is the clearest driver of telecom earnings. The Jio IPO adds a valuation marker, but it does not change average revenue per user by itself. Investors may wish to follow tariff news as closely as the issue.<\/p>\n<p><strong>Risk:<\/strong> Applying for a very large offer without reading the prospectus is a common mistake, so check the financials and risk factors first.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_After_the_Jio_IPO_Filing\"><\/span><strong>What to Watch Next After the Jio IPO Filing<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Anchor investor allocation on 19 October<\/li>\n<li>Jio IPO subscription levels from 21 to 23 October, by category<\/li>\n<li>The final Jio IPO price within the band of Rs 1,065 to Rs 1,119<\/li>\n<li>Any tariff hike by Jio, Airtel or Vodafone Idea after the Jio IPO<\/li>\n<li>Reliance and Bharti Airtel prices against their 50-day averages<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Jio IPO has lifted telecom stocks, but part of the move is the market and part is sentiment on tariffs. MOFSL sees upside for Airtel and RIL, and the real test is the pricing of the Jio IPO and the next tariff hike. Do your own research before acting.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_details_of_the_Jio_IPO\"><\/span><strong>What are the details of the Jio IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Jio Platforms plans a fresh issue of up to 27 crore shares at Rs 1,065 to Rs 1,119 each, raising up to Rs 30,213 crore. Anchor bidding is on 19 October and the issue is open from 21 to 23 October 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_telecom_stocks_rose_on_the_Jio_IPO_news\"><\/span><strong>Which telecom stocks rose on the Jio IPO news?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Reliance Industries rose as much as 2.56% and Bharti Airtel rose 3.36% on 15 October 2026. The headline says Vodafone Idea also rose, but I could not verify its move.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_lot_size_of_the_Jio_IPO\"><\/span><strong>What is the lot size of the Jio IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 12 shares, which is Rs 13,428 at the cap price of Rs 1,119 (my calculation).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_MOFSL_say_about_Bharti_Airtel_and_Reliance\"><\/span><strong>What does MOFSL say about Bharti Airtel and Reliance?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> MOFSL sees a possible re-rating for Bharti Airtel and value unlocking for Reliance on a Jio valuation of about Rs 11 lakh crore. It reiterates Buy on both.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Jio_IPO_good_for_Vodafone_Idea\"><\/span><strong>Is the Jio IPO good for Vodafone Idea?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The benefit is indirect, through sector sentiment and tariff hopes. Vodafone Idea&#8217;s debt and cash flow are separate concerns.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Will_telecom_tariffs_rise\"><\/span><strong>Will telecom tariffs rise?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> MOFSL models a roughly 15% smartphone tariff hike in December 2026, which is its assumption and not an announcement.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_grey_market_premium_for_the_Jio_IPO\"><\/span><strong>What is the grey market premium for the Jio IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Grey market premium (GMP) is an unofficial, unregulated indicator for the Jio Platforms IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are the details of the Jio IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Jio Platforms plans a fresh issue of up to 27 crore shares at Rs 1,065 to Rs 1,119 each, raising up to Rs 30,213 crore. Anchor bidding is on 19 October and the issue is open from 21 to 23 October 2026.\"}},{\"@type\":\"Question\",\"name\":\"Which telecom stocks rose on the Jio IPO news?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Reliance Industries rose as much as 2.56% and Bharti Airtel rose 3.36% on 15 October 2026. The headline says Vodafone Idea also rose, but I could not verify its move.\"}},{\"@type\":\"Question\",\"name\":\"What is the lot size of the Jio IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"12 shares, which is Rs 13,428 at the cap price of Rs 1,119 (my calculation).\"}},{\"@type\":\"Question\",\"name\":\"What does MOFSL say about Bharti Airtel and Reliance?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"MOFSL sees a possible re-rating for Bharti Airtel and value unlocking for Reliance on a Jio valuation of about Rs 11 lakh crore. 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Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation to buy or sell.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Jio IPO filing lifts telecom stocks. See the Rs 30,213 crore issue terms, how RIL and Airtel moved, what MOFSL says and what investors should do.<\/p>\n","protected":false},"author":36,"featured_media":310038,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[629,1383,8353,5351,4352,1296],"class_list":["post-310039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bharti-airtel","tag-jio-ipo","tag-jio-platforms","tag-mainboard-ipo","tag-reliance-industries","tag-telecom-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["310038"],"rank_math_title":["Jio IPO and Telecom Stocks: RIL, Airtel, Vodafone Idea"],"rank_math_description":["Jio IPO filing lifts telecom stocks: RIL up 2.56%, Airtel up 3.36% on 15 Oct 2026. See the Rs 30,213 crore issue terms, what MOFSL says and what investors should do."],"rank_math_focus_keyword":["Jio IPO"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/reliance-jio-ipo-a-win-win-for-telecom-stocks-ril-airtel-and-vodafone-idea.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/310039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=310039"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/310039\/revisions"}],"predecessor-version":[{"id":310041,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/310039\/revisions\/310041"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/310038"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=310039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=310039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=310039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}