Jio Platforms' expected IPO valuation of $114 billion, lower than earlier estimates of $137 billion, has been compared to Bharti Airtel's India mobile business valuation

Wed 7 Oct 2026

Jio IPO valuation Bloomberg

114 billion US dollar

Earlier expected Jio valuation

137 billion US dollar

Jio Platforms market value

11 lakh crore rupees

Bharti Airtel total market value

11.3 lakh crore rupees

Bharti Airtel India mobile valuation

10 lakh crore rupees

Heard on business television between 09:41:51 - 09:44:51 IST.

• Bloomberg reported Jio Platforms IPO expected to complete this month at a valuation of $114 billion, down from earlier market expectations of $137 billion.
• Jio Platforms' market value of about Rs 11 lakh crore was compared with Bharti Airtel's total market value of Rs 11.3 lakh crore, which includes Indus Towers and Airtel Africa stakes.
• After stripping those out, Bharti Airtel's India mobile operations were valued at about Rs 10 lakh crore, implying 14.4x EV/EBITDA versus Jio's 15.3x, suggesting valuations are largely at par.
• Cited delay in tariff hikes and an overhang from a possible Singtel stake sale (to equalize shareholding with the Mittal family) as factors weighing on Bharti Airtel's share price.
• Noted the 12-month consensus target price for Bharti Airtel stands at around Rs 2,298, implying nearly 27% upside from current levels.

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