Bidding has begun for the Jio Platforms IPO and the bidding has already reached fervor.
\n\nThe portion reserved for Qualified Institutional Bidders (QIB) has been subscribed nearly 2x as of 9:20 AM, while the portion reserved for non-institutional investors was subscribed 4%, as was the case with retail investors.
\n\nThe portion reserved for existing shareholders and employees has been subscribed 9% and 8% respectively, taking the overall subscription to 45%.
\n\n– Telecom Space Is In A Very Good Shape Currently
\n\n– Telecom Consumers Are Willing To Absorb Tariff Hikes
\n\n– Expect Bharti Airtel To See 7-8% ARPU CAGR For The Next Few Years
\n\n– 4G Net Additions Have Been Pretty Steady
\n\n– Jio EBITDA Is Growing At 18% CAGR Since FY24
\n\n– Expect Fair Valuation Of Jio To Be At Approx 20% Higher Than IPO Price
\n\n– Expect Dividend Distribution Of Approx 50% Of FCF From Jio
\n\n– Debt Reduction Will Further Strengthen RIL’s Balance Sheet
\n\n– RIL’s Capex Intensity Expected To Decline In The Coming Years
\n\n– Upgraded Reliance Ind’s Rating To ‘A-’ From ‘BBB+’
\n\n– JPL Is A Market Leader With Strong Balance Sheet & Scope For ARPU Improvement
\n\nCurrently, the Grey Market Premium (GMP) for Jio Platforms…
Original source: https://www.cnbctv18.com/technology/
