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Resurfacing an August report: Jio Platforms lines up IPO and pushes into enterprise, digital services as capex peaks
Jio Platforms targets an IPO on October 21-23 with listing on October 28, as sources say peak capex is behind it. Reliance Jio had 524.4 million customers as of March 31, and it plans to grow enterprise and digital services.
The numbers
Figures from Moneycontrol
| 5G users: | 268.5 million |
|---|---|
| Connectivity share of revenue: | roughly 85 percent |
Why it matters to operators and investors
With 524.4M Jio customers and roughly half of them (268.5M) on 5G, Jio's push into enterprise and digital services could become a bigger reach channel and a tougher rival for customer relationships, so start mapping where its offers overlap with yours, though the 60:40 mix is still only an aspiration.
What to watch next
- Formal offer documents or price-band announcement ahead of the Oct 21-23 window
- Subscription levels across investor categories by the close on Oct 23
- Oct 28 listing-day price against the issue price
- Any disclosure that quantifies digital and enterprise revenue share against the roughly 85% connectivity share
- Capex guidance in the first post-listing results, confirming or contradicting the peak-capex claim