Jio Platforms IPO: Brokerages see growth potential in 5G, broadband and AI

Jio Platforms, backed by Reliance Industries, is set to launch an IPO valued at Rs 30,213 crore on October 21, with brokerages highlighting potential growth areas in 5G, broadband, and AI. As of June 30, 2026, 261 million users were still on 2G networks, presenting an opportunity for Jio to attract customers with affordable devices like the JioBharat phone priced at Rs 799.

Analysts predict that Jio's subscriber base, currently at 533.3 million, could see growth through higher telecom tariffs and monetisation of its proprietary technology. Fixed broadband penetration in India, currently around 21%, is projected to rise to 46% by FY31, with JioFiber and JioAirFiber already serving 28.6 million subscribers.

Jio's AI platform, JioBrain, is being deployed for network operations and could be a key component in its strategy to monetise technology across various industries. Additionally, Jio plans to explore international partnerships to commercialise its 5G core and AI capabilities, broadening its potential revenue streams.

Brief written by urgent.news from The Indian Express's own syndicated text. Machine-written — may contain errors; check the original before relying on it.