From TokenPost · · 40s
Jio IPO Launches with ARPU Gap
Jio Platforms' IPO opens as ARPU trails Airtel's India mobile figure by ₹48.4.
In brief
Jio Platforms' IPO opens as ARPU trails Airtel's India mobile figure by ₹48.4. Jio Platforms' June-quarter ARPU of ₹215.6 trails Bharti Airtel's ₹264 India mobile figure by ₹48.4 per month. Originally reported by TokenPost.
Jio Platforms IPO Launch
Jio Platforms opened its Indian initial public offering Wednesday with a June-quarter average revenue per user of ₹215.6.
ARPU Comparison
Jio's ARPU trails Bharti Airtel's India mobile figure by ₹48.4 per month, with Jio's figure at ₹215.6 and Airtel's at ₹264.
IPO Details
Jio is offering up to 270 million shares at ₹1,065 to ₹1,119 each, potentially raising $3.2 billion.
What it means
Jio Platforms' June-quarter ARPU of ₹215.6 trails Bharti Airtel's ₹264 India mobile figure by ₹48.4 per month.
