New Delhi, Oct. 15 -- Reliance Industries will become India's largest conglomerate by market capitalisation following the listing of Jio Platforms, Kotak Mahindra Bank founder Uday Kotak said on Thursday.

Set to open for subscription on October 21, the Jio IPO comes nearly two decades after Reliance's last major public offering and is poised to be India's largest-ever IPO, with an issue size of Rs.30,188 crore (based on upper price band).

Jio IPO is a testament to the development of the next generation of leadership in Reliance Industries, said Uday Kotak at the opening of the Jio Platforms IPO press conference. He also said Jio's years of perseverance had translated into market leadership in India's mobility and home broadband segments...