Jio unveils three growth engines ahead of mega IPO

MUMBAI: Ahead of what is expected to be India's biggest-ever IPO, Jio Platforms has identified three key growth areas to strengthen its position in the country's digital economy. Focusing on mobility, home broadband, and enterprise and international businesses, the company aims to play a major role in India's projected $1.4 trillion digital economy by 2030-31.

Jio Managing Director Akash Ambani outlined the company's growth plans at a press conference held on Thursday.

With a current connectivity subscriber base of 53.3 crore, Jio plans to expand its home broadband customer base from 2.86 crore to 10 crore households. It also aims to reach 34 crore mobile subscribers over the next five years. Akash Ambani said Jio currently handles more than 60 per cent of India's total data traffic.

The company also plans to commercialise technology developed in India in selected international markets. Jio estimates the enterprise digital services market in India to be worth Rs 5.1 lakh crore. Isha Ambani outlined Reliance's long-term growth vision and its focus on financial discipline. Uday Kotak opened the event by recalling Reliance's first IPO in 1977.

Jio IPO: Key details

- IPO dates: October 21 to 23
- Price band: Rs 1,065 to Rs 1,119 per share
- Lot size: 12 shares
- Expected listing date: October 28