Jio Platforms' implied valuation could rise to ₹12.58 lakh crore at a 22% GMP, while its listing at the IPO price could lift Reliance Group’s combined m-cap to over ₹28 lakh crore, ahead of Tata Group’s ₹26 lakh crore.

Jio Platforms' implied valuation could rise to ₹12.58 lakh crore at a 22% GMP, while its listing at the IPO price could lift Reliance Group’s combined m-cap to over ₹28 lakh crore, ahead of Tata Group’s ₹26 lakh crore.

Jio Platforms’ initial public offering (IPO) is set to give the Reliance Industries-backed digital services company a place among India’s top three listed companies by market capitalisation, with an implied valuation of Rs 10.3 lakh crore at the offer price.

New Delhi: The initial public offering of Jio Platforms will strengthen its parent Reliance Industries' financial flexibility by reducing debt and interest costs while broadening access to capital for future investments, Moody's Ratings said, describing the transaction as credit positive.

A potential Jio Platforms IPO, valued at about ₹ 10.3 lakh crore, could lift Reliance Group’s combined market capitalisation to ₹ 28.35 lakh crore, overtaking Tata Group’s ₹ 25.92 lakh crore.

Reliance Group's combined market capitalisation is projected to reach Rs 28.35 lakh crore upon the listing of Jio Platforms, surpassing the Tata Group's Rs 25.92 lakh crore.