JFS which got listed today is already the second largest NBFC by market capitalization at 1.68 lac crore.
Surely, the “Reliance” factor has helped in getting the company this valuation as there is no concrete business of its own on ground.
Morgan stanley report has some cool charts and data :
1. Shareholding pattern
2. P&L and Balance sheet
Comparison with other peers w.r.t equity
Investments
I was expecting LC today. Somehow feel it has to come down to 200 once before it bounces back.
Oh. Infact it has already hit LC. I just opened kite app for the day.
And just like that it is now above it’s listing price. 
seems like you shouldn’t mess with mota bhai. 
Nobody not even the govt dates to mess with him
Jio’s Upcoming Offerings
Phones, laptops on leases
Supply chain financing
Home/consumer durable loans
Loan against shares
Insurance Broking - partnered with 27 insurance companies
Paytm, Bajaj finance, PB fintech and many other fintechs should start getting worried now
