00:00All right, with that, we're going to shift focus.
00:02Reliance has now achieved a historic milestone.
00:04Jio Platforms has become India's biggest ever IPO.
00:07Investors' demand has been extraordinary
00:09with institutional and retail investors oversubscribing the IPO.
00:13Nearly five decades after Dhirubhai Ambani took Reliance public,
00:17the next generation is taking the group's digital flagship to the markets.
00:20Leaving you with this.
00:24The mission of Jio is simple.
00:26The mission of Jio is to connect every Indian home,
00:30every Indian citizen and every Indian enterprise
00:33with the highest quality and most affordable digital services.
00:45The 28th of October will be a historic day for Reliance Industries.
00:4949 years after Dhirubhai Ambani took the company public,
00:53Jio Platforms is set to list as India's largest ever IPO.
00:57It will also be the day Reliance Group overtakes the Tata Group
01:01to become India's most valuable business house.
01:05The 30,213 crore rupee Jio Platforms IPO
01:09made history on day one itself.
01:11It was subscribed 100% within 100 minutes of opening.
01:16Institutional investors rushed into the issue,
01:19subscribing to their portion in just 10 minutes.
01:24By the final day, the issue was subscribed a whopping 20 times.
01:29Qualified institutional buyers led the demand.
01:32The non-institutional investors quota was heavily subscribed as well.
01:36The enthusiasm among retail investors
01:38for the first Reliance Group issue in 20 years was massive.
01:45The demand for the issue has set new records,
01:48with bids worth 7 lakh crore rupees plus received nearly 23 times the issue size.
01:54The 8,100 crore rupee anchor book had earlier drawn global bids worth over 2.5 lakh crore rupees,
02:01with marquee investors like ADIA and BlackRock participating.
02:08Jio is positioning itself as more than a telecom company.
02:11Artificial intelligence, cloud, digital services and satellite connectivity are being projected as the next engines of growth.
02:21Today, we want to make sure that we are not only finding for broadband market share,
02:26but the entire digital services market share,
02:28which is probably addressed in a $56 billion market opportunity.
02:34A recent example is today, 65% of the bank branches of the country are connected on Jio.
02:41What we have enabled for them is not just ubiquitous, high-grade security broadband,
02:47but also video surveillance that gives us an innate ability for them to serve their customers better
02:52and security use cases.
02:55And this is one such example.
02:57I can go sector by sector, whether it be hospitality, BFSI and other sectors,
03:03to tell you about our enterprise plan.
03:06While Jio is already India's largest issue,
03:09it's very different from the other mega-issues in the sense that the early investors are not cashing out.
03:16Global giants like Meta, Global and KKR remain invested in India's telecom story.
03:22The issue is purely an issue of fresh shares.
03:26The investor rush comes despite growing scrutiny of AI-linked valuations globally.
03:31Nearly 90% of Jio platform's revenue still comes from telecom.
03:37With 533 million customers, over 99% wireless broadband coverage
03:42and financial year 2026 revenue of nearly 1.47 lakh crore rupees,
03:48the market will now watch whether Jio can convert scale into sustained earnings growth beyond tariff hikes.
03:57Meanwhile, for the Ambani family, life is coming a full circle.
04:00Nearly five decades ago, in 1977,
04:04Dhirubhai Ambani took Reliance Textile Industries public,
04:07turning millions of ordinary Indians into equity investors.
04:11Now with Jio platforms listing,
04:14the next generation led by Akash Ambani is taking that legacy into the digital era.
04:20S&K tax of 28.6%.
04:23Bureau Report, India Today.
