Investors are closely watching the upcoming Initial Public Offering (IPO) of Jio Platforms, the digital and telecommunications division of Reliance Industries. Senior employees of Jio Platforms will hold a press conference at 3:30 PM, where additional information regarding the company's IPO is expected to be disclosed.
The company has set the upper price limit for the IPO share at ₹1,119 per share. Investors must apply for a minimum of 12 shares, which costs ₹13,428 when purchasing one lot at the upper limit. Previously, on October 14, the company presented the Red Herring Prospectus (RHP) for the IPO.
During the event, Isha Ambani shared a story related to the beginning of Jio's operations, which spans 16 years.
The proposed Jio Platforms IPO is valued at approximately ₹30,213 crore. After going public, it will become the largest IPO in India to date. Both investors and the stock market are paying attention to this offering. The announcement of the Jio IPO also impacted Reliance Industries' shares, which rose by about 3% on Thursday and entered the list of fastest-growing stocks in the Nifty 50 index.
Alongside the IPO, the company has provided discounts for eligible employees. Eligible qualified employees applying under the employee reserve category will receive a discount of ₹54 on each share. There is a provision to reserve up to ₹500 crore worth of shares for eligible Jio Platforms employees. Furthermore, up to ₹2,500 crore worth of shares is reserved for qualified shareholders of Reliance Industries. Thus, a separate system was organized for qualified employees and shareholders of Reliance Industries for the IPO, in addition to regular investors.
At the opening of the IPO meeting, Uday Kotak from Kotak Mahindra Bank spoke, mentioning the beginnings of Reliance's operations. He noted that Jio transformed mobile communication in India and that Jio has existed for many years. Uday Kotak emphasized that Jio's IPO is a historic moment and represents the largest IPO in the country.
Speaking, Akash Ambani stated that Jio contributed to transforming India into a data-rich nation. He clarified that the company changed India's status from a data-scarce country to a data-abundant country. Akash Ambani stated that Jio's network metrics distinguish it from others. Today, Jio is one of the largest 5G networks outside of China.
Moreover, Akash Ambani added that the company developed its own system to provide customers with higher quality services and experiences they had not previously encountered. Jio has patented 7200 inventions.
In his speech, Akash Ambani stated that Jio's mission is to ensure high-quality service within the concept of a developed India. He noted that by observing Jio, they see people receiving improved connectivity. The company is constantly thinking about how to improve Jio's services. Akash reported that 53 million people trust Jio. The company is a fast-growing digital company, demonstrating an EBITDA margin of 53%. The company's business remains healthy. Since launching the 5G service three years ago, they have the highest number of users today.
During the press conference dedicated to the Jio IPO, Isha Ambani shared the 16-year history of Jio's inception. She recounted that the idea for Jio first arose in 2011. Recounting an interesting incident, she mentioned that while studying at Yale University in the USA, during a vacation when she came to India, she could not upload a college assignment due to slow internet at home. It was then that her brother, Akash Ambani, told her about the idea of digitalization and the founding of the company. She concluded that the company is in a better position now, in 2026.
