{"id":315508,"date":"2026-10-19T10:10:36","date_gmt":"2026-10-19T04:40:36","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=315508"},"modified":"2026-10-19T10:10:36","modified_gmt":"2026-10-19T04:40:36","slug":"reliance-jio-listing-day-jackpot-or-long-term-bet-how-should-investors-play-mukesh-ambanis-mega-issue","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/reliance-jio-listing-day-jackpot-or-long-term-bet-how-should-investors-play-mukesh-ambanis-mega-issue\/","title":{"rendered":"Reliance Jio IPO GMP Today: Listing-Day Jackpot or Long-Term Bet?"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>The Reliance Jio IPO opens on 21 Oct 2026 and closes on 23 Oct at Rs 1,065 to Rs 1,119, with a tentative listing on 28 Oct. Kantilal Chhaganlal rates it Subscribe for the long term at a FY26 P\/E of 33.3x against Bharti Airtel at 40.71x, while Centrum values it at about 12x EV\/EBITDA on FY28 estimates. LIC listed about 8.1% below its issue price in 2022, which shows that large issues do not always pop. This article gives no unofficial price premiums.<\/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 Reliance Jio IPO is better treated as a long-term decision than a listing-day jackpot, which is the view of Hedged.in, and Kantilal Chhaganlal also rates it Subscribe for the long term. Centrum sees strong tailwinds from 5G, fixed broadband and a tariff hike of about 12% over the next three to four months, while Ventura says Jio&#8217;s ARPU of about Rs 216 trails Airtel at roughly Rs 257 to Rs 264. At the upper band the valuation is about 33x FY26 earnings and about 12x EV\/EBITDA, against Airtel at nearly 10x EV\/EBITDA, so the Reliance Jio IPO is priced for growth. A large issue does not guarantee a first day gain, so decide on your holding period, valuation comfort and category quota.<\/p>\n<\/p><\/div>\n<p>The Reliance Jio IPO is the biggest issue in Indian market history, and the question most investors ask is whether to play it for listing gains or hold it. The answer depends on price, your time frame and how much faith you place in tariff hikes.<\/p>\n<p>This guide sets out the expert views, the valuation against Bharti Airtel, a comparison of the two approaches and the risks. It is educational and not a recommendation to apply for the Reliance Jio IPO.<\/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-listing-day-jackpot-or-long-term-bet-how-should-investors-play-mukesh-ambanis-mega-issue\/#What_Experts_Say_About_the_Reliance_Jio_IPO\" title=\"What Experts Say About the Reliance Jio IPO\">What Experts Say About the Reliance Jio IPO<\/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-listing-day-jackpot-or-long-term-bet-how-should-investors-play-mukesh-ambanis-mega-issue\/#Reliance_Jio_IPO_Valuation_Against_Bharti_Airtel\" title=\"Reliance Jio IPO Valuation Against Bharti Airtel\">Reliance Jio IPO Valuation Against Bharti Airtel<\/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-listing-day-jackpot-or-long-term-bet-how-should-investors-play-mukesh-ambanis-mega-issue\/#Listing-Day_Play_or_Long-Term_Bet_How_the_Two_Approaches_Differ\" title=\"Listing-Day Play or Long-Term Bet: How the Two Approaches Differ\">Listing-Day Play or Long-Term Bet: How the Two Approaches Differ<\/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-listing-day-jackpot-or-long-term-bet-how-should-investors-play-mukesh-ambanis-mega-issue\/#Grey_Market_Premium_and_the_Reliance_Jio_IPO\" title=\"Grey Market Premium and the Reliance Jio IPO\">Grey Market Premium and the Reliance Jio IPO<\/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-listing-day-jackpot-or-long-term-bet-how-should-investors-play-mukesh-ambanis-mega-issue\/#Facts_That_Anchor_the_Reliance_Jio_IPO_Decision\" title=\"Facts That Anchor the Reliance Jio IPO Decision\">Facts That Anchor the Reliance Jio IPO Decision<\/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-listing-day-jackpot-or-long-term-bet-how-should-investors-play-mukesh-ambanis-mega-issue\/#How_to_Decide_on_the_Reliance_Jio_IPO\" title=\"How to Decide on the Reliance Jio IPO\">How to Decide on the Reliance Jio IPO<\/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-listing-day-jackpot-or-long-term-bet-how-should-investors-play-mukesh-ambanis-mega-issue\/#What_to_Watch_Next\" title=\"What to Watch Next\">What to Watch Next<\/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-listing-day-jackpot-or-long-term-bet-how-should-investors-play-mukesh-ambanis-mega-issue\/#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-listing-day-jackpot-or-long-term-bet-how-should-investors-play-mukesh-ambanis-mega-issue\/#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-listing-day-jackpot-or-long-term-bet-how-should-investors-play-mukesh-ambanis-mega-issue\/#Is_the_Reliance_Jio_IPO_a_listing-day_jackpot_or_a_long-term_bet\" title=\"Is the Reliance Jio IPO a listing-day jackpot or a long-term bet?\">Is the Reliance Jio IPO a listing-day jackpot or a long-term bet?<\/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-listing-day-jackpot-or-long-term-bet-how-should-investors-play-mukesh-ambanis-mega-issue\/#What_is_the_Reliance_Jio_IPO_valuation\" title=\"What is the Reliance Jio IPO valuation?\">What is the Reliance Jio IPO valuation?<\/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-listing-day-jackpot-or-long-term-bet-how-should-investors-play-mukesh-ambanis-mega-issue\/#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-13\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-listing-day-jackpot-or-long-term-bet-how-should-investors-play-mukesh-ambanis-mega-issue\/#What_does_Centrum_expect_for_the_Reliance_Jio_IPO\" title=\"What does Centrum expect for the Reliance Jio IPO?\">What does Centrum expect for the Reliance Jio IPO?<\/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-listing-day-jackpot-or-long-term-bet-how-should-investors-play-mukesh-ambanis-mega-issue\/#How_does_Jio_ARPU_compare_with_Airtel\" title=\"How does Jio ARPU compare with Airtel?\">How does Jio ARPU compare with Airtel?<\/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-listing-day-jackpot-or-long-term-bet-how-should-investors-play-mukesh-ambanis-mega-issue\/#Can_a_large_issue_like_the_Reliance_Jio_IPO_list_below_the_issue_price\" title=\"Can a large issue like the Reliance Jio IPO list below the issue price?\">Can a large issue like the Reliance Jio IPO list below the issue price?<\/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-listing-day-jackpot-or-long-term-bet-how-should-investors-play-mukesh-ambanis-mega-issue\/#When_does_the_Reliance_Jio_IPO_list\" title=\"When does the Reliance Jio IPO list?\">When does the Reliance Jio IPO list?<\/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-listing-day-jackpot-or-long-term-bet-how-should-investors-play-mukesh-ambanis-mega-issue\/#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=\"What_Experts_Say_About_the_Reliance_Jio_IPO\"><\/span><strong>What Experts Say About the Reliance 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;\">Source<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">View<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Key reason<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Kantilal Chhaganlal<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Subscribe, long-term perspective<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market leadership, profitability and structural growth; FY26 P\/E of 33.3x at the upper band against Airtel at 40.71x<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Centrum Broking<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Positive on medium to long-term growth<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Data growth, 5G migration, fixed broadband and AirFiber; expects about 12% tariff hike; values equity at Rs 11.5 lakh crore or 12x EV\/EBITDA on FY28E<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Ventura (Vinit Bolinjkar)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Cautious for long-term investors<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jio ARPU near Rs 216 against Airtel at Rs 257 to Rs 264; Airtel trades near 10x EV\/EBITDA<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hedged.in (Riyank Arora)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Use a long-term thesis, not listing gains<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Listing-day moves reflect sentiment and issue pricing; value is in earnings and fair pricing<\/td>\n<\/tr>\n<\/table>\n<p>Kantilal Chhaganlal flags regulatory change, competition and high capital expenditure as risks. No analyst is named in that note, and the Reliance Jio IPO view from each house is based on the same published terms, so differences come from how much growth each assumes.<\/p>\n<p style=\"margin-top:24px;\"><strong>Compare telecom stocks on the Univest Screener<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Reliance_Jio_IPO_Valuation_Against_Bharti_Airtel\"><\/span><strong>Reliance Jio IPO Valuation Against Bharti Airtel<\/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;\">Metric<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reliance Jio IPO<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Bharti Airtel<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">FY26 P\/E<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">33.3x at the upper band, per Kantilal Chhaganlal<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">40.71x<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EV\/EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 12x on FY28E, per Centrum and Ventura<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Nearly 10x, per Ventura<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Monthly ARPU<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Nearly Rs 216<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 257 to Rs 264<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Equity value<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 11.5 lakh crore by Centrum; about Rs 10.30 lakh crore post-issue at the upper band<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated<\/td>\n<\/tr>\n<\/table>\n<p>Centrum&#8217;s Rs 11.5 lakh crore equity value is about 11.6% above the post-issue market capitalisation at the upper band (my calculation). That is a brokerage valuation of the business and not a forecast of the listing price, and the Reliance Jio IPO P\/E depends on the share count used, with one source at 34.3x.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the Univest iOS App or Univest Android App to track Reliance Industries and set price alerts.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Listing-Day_Play_or_Long-Term_Bet_How_the_Two_Approaches_Differ\"><\/span><strong>Listing-Day Play or Long-Term Bet: How the Two Approaches Differ<\/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;\">Aspect<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Listing-day play<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Long-term bet<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Goal<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sell on 28 October if the share lists above the issue price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hold for earnings compounding<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">What drives the result<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Subscription, market mood and liquidity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">ARPU, tariff hikes, 5G and broadband growth, debt reduction<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Main risk<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A flat or negative listing; LIC listed about 8.1% below its issue price in May 2022<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Valuation compression if ARPU growth disappoints<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">What to track<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day-wise subscription, anchor allocation, FII flows<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Quarterly ARPU, churn and RJIL profit share<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Who it suits<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Investors with short horizons and tolerance for a flat listing<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Investors who can hold through volatility<\/td>\n<\/tr>\n<\/table>\n<p>Hedged.in&#8217;s view is that listing gains can be worth capturing when valuations become excessive, while long-term investors should focus on compounding earnings. The Reliance Jio IPO is a large issue with about Rs 3,000 crore reserved for shareholders and employees, so it does not behave like a small oversubscribed issue.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Grey_Market_Premium_and_the_Reliance_Jio_IPO\"><\/span><strong>Grey Market Premium and the Reliance 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=\"Facts_That_Anchor_the_Reliance_Jio_IPO_Decision\"><\/span><strong>Facts That Anchor the Reliance Jio IPO Decision<\/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;\">Issue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 30,213 crore fresh issue of 27 crore shares; Rs 1,065 to Rs 1,119; lot of 12 shares<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dates<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issue 21 to 23 October; allotment 26 October; tentative listing 28 October<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Customers<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">533.3 million at 30 June 2026, with about 60% share of wireless data traffic<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Shareholding before the issue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reliance Industries 66.43%, Meta affiliate 9.98%, Google International 7.73%<\/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;\">Up to Rs 27,500 crore to prepay borrowings of its subsidiary<\/td>\n<\/tr>\n<\/table>\n<p><strong>Risk:<\/strong> A premium valuation, tariff dependence and heavy capital expenditure can limit gains, so the Reliance Jio IPO can disappoint on listing day or over the long term.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Decide_on_the_Reliance_Jio_IPO\"><\/span><strong>How to Decide on the Reliance Jio IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Decide your holding period first: days for a listing play, years for a long-term bet<\/li>\n<li>Check your category for the Reliance Jio IPO: retail, shareholder or employee, and the lot limits<\/li>\n<li>Compare the 33x P\/E and 12x EV\/EBITDA with your own view of tariff hikes<\/li>\n<li>Use the cut-off option if you want to be eligible at any price within the band<\/li>\n<li>Do not size the bid from unofficial indicators; size it from what you can hold<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next\"><\/span><strong>What to Watch Next<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>The anchor allocation announced after bidding today<\/li>\n<li>Day-wise subscription from 21 to 23 October<\/li>\n<li>Any tariff hike announcement that supports ARPU<\/li>\n<li>The listing of the Reliance Jio IPO on 28 October and the first trade against the issue price<\/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 Reliance Jio IPO looks better suited to long-term investors than to anyone expecting a jackpot, because the valuation already prices growth and large issues can list flat. Pick your approach, read the prospectus and bid only an amount that matches your risk comfort.<\/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=\"Is_the_Reliance_Jio_IPO_a_listing-day_jackpot_or_a_long-term_bet\"><\/span><strong>Is the Reliance Jio IPO a listing-day jackpot or a long-term bet?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Experts quoted lean long term. Hedged.in advises a long-term thesis and Kantilal Chhaganlal rates it Subscribe for the long term. A listing gain is not guaranteed.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Reliance_Jio_IPO_valuation\"><\/span><strong>What is the Reliance Jio IPO valuation?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> About 33.3x FY26 earnings at the upper band per Kantilal Chhaganlal, and about 12x EV\/EBITDA on FY28E per Centrum, against Airtel at nearly 10x EV\/EBITDA.<\/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=\"What_does_Centrum_expect_for_the_Reliance_Jio_IPO\"><\/span><strong>What does Centrum expect for the Reliance Jio IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Centrum expects growth from 5G, fixed broadband and digital services, a tariff hike of about 12% over three to four months, and values the equity at Rs 11.5 lakh crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_Jio_ARPU_compare_with_Airtel\"><\/span><strong>How does Jio ARPU compare with Airtel?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Ventura puts Jio&#8217;s ARPU near Rs 216 and Airtel&#8217;s at about Rs 257 to Rs 264, so Jio needs pricing power to narrow the gap.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_a_large_issue_like_the_Reliance_Jio_IPO_list_below_the_issue_price\"><\/span><strong>Can a large issue like the Reliance Jio IPO list below the issue price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes. LIC listed at Rs 872 on NSE against its Rs 949 issue price in May 2022, a discount of about 8.1%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_does_the_Reliance_Jio_IPO_list\"><\/span><strong>When does the Reliance Jio IPO list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The tentative listing date is 28 October 2026, after allotment on 26 October. The issue runs from 21 to 23 October.<\/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\":\"Is the Reliance Jio IPO a listing-day jackpot or a long-term bet?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Experts quoted lean long term. Hedged.in advises a long-term thesis and Kantilal Chhaganlal rates it Subscribe for the long term. A listing gain is not guaranteed.\"}},{\"@type\":\"Question\",\"name\":\"What is the Reliance Jio IPO valuation?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"About 33.3x FY26 earnings at the upper band per Kantilal Chhaganlal, and about 12x EV\/EBITDA on FY28E per Centrum, against Airtel at nearly 10x EV\/EBITDA.\"}},{\"@type\":\"Question\",\"name\":\"What is the grey market premium for the Jio IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"What does Centrum expect for the Reliance Jio IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Centrum expects growth from 5G, fixed broadband and digital services, a tariff hike of about 12% over three to four months, and values the equity at Rs 11.5 lakh crore.\"}},{\"@type\":\"Question\",\"name\":\"How does Jio ARPU compare with Airtel?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Ventura puts Jio's ARPU near Rs 216 and Airtel's at about Rs 257 to Rs 264, so Jio needs pricing power to narrow the gap.\"}},{\"@type\":\"Question\",\"name\":\"Can a large issue like the Reliance Jio IPO list below the issue price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes. 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Expert views from Kantilal Chhaganlal, Centrum, Ventura and Hedged.in, plus valuation against Airtel.<\/p>\n","protected":false},"author":36,"featured_media":315504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[13113,8347,13115,13114,5351,4700],"class_list":["post-315508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-jio-listing-gains","tag-jio-platforms-ipo","tag-jio-valuation","tag-long-term-investing-2","tag-mainboard-ipo","tag-reliance-jio-ipo"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["315504"],"rank_math_title":["Reliance Jio IPO: Listing-Day Bet or Long-Term Hold? Views"],"rank_math_description":["Reliance Jio IPO: listing-day jackpot or long-term bet? 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