Reliance Jio IPO Opening Soon Amid Expectations of Telecom Tariff Hike

Jio Platforms' initial public offering will open for subscription on October 21 with a price band between ₹1,065 and ₹1,119 per share.

A Centrum report projects that telecom users could face a 12% to 15% mobile tariff hike over the next three to four months due to limited industry competition.

Reliance Jio is expected to add 7 million sequential subscribers to reach 531 million, with average revenue per user projected to rise 1% quarter-on-quarter to ₹216.