Jio Platforms IPO likely by October-November; AI and ARPU growth in focus: Piyush Pandey

Reliance Industries' Jio Platforms IPO is anticipated by October-November, with strong investor interest expected due to a small fresh equity offering. Analysts foresee a holding company discount of 20-25% post-listing, potentially offset by the new energy business. ARPU growth, driven by tariff hikes and 5G adoption, remains key, while AI-powered apps are poised to become the next value creator.