Jio IPO Valuation Cut To ₹11 Lakh Crore Ahead Of Mega Listing

Jio’s much-awaited IPO is expected to be one of the biggest listings in India, with reports suggesting a valuation of around ₹11 lakh crore. Market Analyst Ambareesh Baliga says the decision to reduce the IPO size and valuation is practical given the current market conditions and liquidity concerns after the NSE listing. While he expects strong demand for the Jio IPO, the key question for investors is whether the stock will see strong listing gains. Baliga also explains why the IPO may not immediately lead to a re-rating of Reliance Industries, given the holding company discount.