Jio Platforms Stock Price Outlook
Before the initial public offering (IPO) of Jio Platforms, Xinshi Industry (Reliance Industries) may attract investors' attention.
Based on an estimated valuation of IPO at 10.3 trillion rupees, the value of 67% of the shares in Jio Platforms held by Reliance Industries is approximately 6.9 trillion rupees.
Even with a 20% discount from this valuation, the value of this portion of the shares is still approximately 5.52 trillion rupees, which is equivalent to about 408 rupees per share of Reliance Industries.
The article states that if Jio Platforms ultimately goes public at a price 20% higher than that of IPO, and if the premium in the grey market (GMP) is estimated to be valid, then this listing could provide additional valuation support for Xinshi Industry.
However, the article also reminds that the GMP data is unofficial, and there is no guarantee for its actual performance after listing.
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