Reliance Stock Jumps 2.6% As Jio Platforms ₹30,200 Crore IPO Opens For Subscription
Reliance Industries (RIL) shares rallied on Wednesday as the initial public offering (IPO) of its digital services subsidiary, Jio Platforms, opened for subscription. The stock gained as much as 2.68% in early trading, touching ₹1,234.30. Jio Platforms is seeking to raise more than ₹30,200 crore through what has been described as India's largest public offering, valuing the business at…
Reliance Industries' shares surged by 2.6% on Wednesday as its digital arm, Jio Platforms, opened its ₹30,200 crore IPO for subscription. The stock peaked at ₹1,234.30 in early trading. Jio Platforms aims to raise over ₹30,200 crore, positioning the company at around $108 billion. The IPO marks India's largest public offering, as investors gauge the firm's potential to generate income from tech, AI, and enterprise services.
Akash Ambani, Jio Platforms' Managing Director, outlined the company's expansion plans ahead of India's biggest IPO. The network is our technology - Ambani emphasized Jio's 5G infrastructure, cloud-based network architecture, and software capabilities. The company is developing digital services, AI, and cloud offerings leveraging its existing connectivity platform that serves 533.3 million customers.
Additionally, Jio is exploring satellite connectivity and next-generation 6G technology. Ambani identified substantial opportunities in mobile connectivity, home broadband, and enterprise digital solutions. He noted that around 26 crore Indians still rely on 2G services, while fixed broadband penetration only covers about 21% of households.
Jio had captured 67.56% of India's net fixed-broadband subscriber additions during the fiscal year 2025-26.
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