ICICI Securities anticipates that Jio Platforms Ltd (JPL) will achieve ‘premium valuations’ with its upcoming IPO, similar to the notable equity raise of FY21. The brokerage has set the company’s equity value at $148 billion by September 2027. Additionally, it has revised up the valuation estimates for Indian telecom operators it covers, citing ‘renewed optimism’ due to stronger financial and business fundamentals in the sector. The report from Friday reflects an improved tariff structure and an enhanced drive for 5G adoption.
