Jio Platforms Managing Director Akash Ambani said at the IPO media meet on 15 October that Jio now charges about ₹4.9 per GB, down from ₹228 per GB when it entered the market ten years ago. He claimed this is the lowest data pricing globally and credited Jio with shifting India from a data-scarce to a data-abundant nation, with usage at 43.7 GB per user per month. After starting its 5G rollout three years ago, Jio covered 99% of India's population within 19 months. The company expects about 100 million Indians to get their first SIM cards over the next five years. The IPO is open for subscription from 21 to 23 October, with a price band of ₹1,065–₹1,119 per share.
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