New Delhi, Oct. 17 -- Jio Platforms Limited (JPL) is already India's largest digital connectivity company. Brokerage research suggests its next phase of growth may be bigger still. Ahead of the Rs 30,213 crore JPL IPO, which opens on October 21, IPO notes from GEPL Capital, Ventura Securities and SMC Global point to several growth engines: 2G-to-4G/5G upgrades, home broadband, enterprise cloud and AI, and the sale of Jio's own technology to overseas telecom operators.
Growth engine 1: 261 million users still to upgrade
Jio's subscriber base reached 533.3 million in June 2026, and a large pool of potential customers remains. GEPL Capital notes: "With 261.0 million users still on 2G networks as of June 30, 2026, the Company has a substantia...