Jio Platforms IPO: Stock needs to appreciate 25% to match Airtel valuation, says Dipan Mehta

At an implied valuation of ₹10 lakh crore, the issue is priced 10% to 15% below its fair value of ₹11.5 lakh crore to ₹12 lakh crore, according to Piyush Pandey, Senior Vice President at Centrum India.