After record IPO, Jio's next test is revenue per user

Jio Platforms listed on the NSE and BSE on October 28 at a 21% premium after India's biggest-ever IPO, closing nearly 26% higher on day one and adding another 5% on Thursday. Jio leads rivals in subscribers and market value but still trails Airtel on average revenue per user. Industry-wide tariff hikes expected by FY27 are seen as a key growth driver.