Jio Platforms Plans to Expand Services to Boost Revenue Ahead of IPO

Jio Platforms is focusing on expanding its services to drive revenue growth as it prepares for India's largest initial public offering (IPO).  

The company plans to increase revenue per customer by offering more services rather than raising tariffs, although it remains open to price adjustments. 

Revenue Growth Strategy of Jio Platforms 

As per PTI news report, Managing Director Akash Ambani stated that Jio Platforms intends to boost revenue by providing additional services to customers.  

The company currently charges ₹4.9 per gigabyte, below the industry average of ₹7.5, with customers consuming 43.7 GB monthly.  

Jio Platforms expects to capture a significant share of the projected $1.4 trillion digital economy by FY31, focusing on mobile, home broadband, and enterprise services. 

Jio Platforms IPO Details 

Jio Platforms has set a price band of ₹1,065 to ₹1,119 per share for its IPO, offering up to 27 crore new shares. The sale could raise approximately ₹30,213 crore from the IPO. 

The IPO bidding is scheduled from October 21 to 23, 2026, with anchor investors bidding on October 19, 2026. Shares are expected to begin trading on October 28, 2026. 

Read More: Reliance Jio Platforms Filed RHP for an IPO; Public Issue Opening on October 21, 2026! 

Domestic and International Expansion of Jio Platforms 

Jio Platforms plans to expand its services internationally by offering its network technology to foreign operators as a managed-service partner.  

The company aims to increase its EBITDA margin above the current 53.3% by introducing new services outside its licensed telecom business. Jio Platforms currently serves 533.3 million customers, including 284.9 million on 5G, with an average revenue per user of ₹215.6 monthly. 

Conclusion 

Jio Platforms is set to increase its revenue by expanding services in mobile, home broadband, and enterprise sectors. With a price band of ₹1,065 to ₹1,119 per share, the IPO aims to raise ₹30,213 crore. The company serves 533.3 million customers and plans international expansion through managed-service partnerships. 

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