Jio Platforms IPO: India’s Digital Giant Draws Massive Investor Interest

The much-anticipated initial public offering (IPO) of Jio Platforms, the digital and telecommunications arm of Reliance Industries, has emerged as one of the biggest public market events in India.

With strong participation from institutional and retail investors alike, the issue has reaffirmed market confidence in the country's largest telecom and digital services company.

A Landmark IPO for India's Technology Sector

Jio Platforms launched its IPO with an issue size of approximately ₹30,213 crore, making it one of the largest public offerings ever seen in the Indian capital market.

The IPO consists entirely of a fresh issue of shares, allowing the company to raise funds directly for future expansion and strategic initiatives.

The company fixed the price band between ₹1,065 and ₹1,119 per share, with a minimum application size of 12 shares.

At the upper end of the price band, retail investors were required to invest ₹13,428 for a single lot.

Strong Demand from Day One

Investor enthusiasm became evident almost immediately after the IPO opened for subscription.

The issue achieved full subscription on the very first day of bidding, a remarkable feat considering its large size.

Demand was driven primarily by institutional investors, reflecting confidence in the company's long-term growth prospects and leadership position in India's digital ecosystem.

By the end of Day 1, the IPO was subscribed more than three times overall, while the Qualified Institutional Buyer (QIB) portion registered subscription levels close to nine times.

Retail participation also gained momentum as the issue progressed.

Final Subscription Numbers

According to the latest subscription data available on the final day of bidding, the IPO achieved an overall subscription of approximately 6.5 times.

The category-wise demand demonstrated broad-based participation across investor classes:

• Overall Subscription: 6.51x
• QIB Category: 13.88x
• Non-Institutional Investors (NII): 8.42x
• Retail Investors: 1.97x
• Employee Quota: 2.40x
• Shareholder Quota: 5.37x

The figures highlight particularly strong institutional demand, often considered a positive sign for long-term valuation and post-listing performance.

Why Investors Are Interested

Over the past decade, Jio Platforms has transformed India's digital landscape through affordable mobile connectivity, widespread 4G adoption and a growing portfolio of digital services.

The business today spans telecommunications, broadband, enterprise services, digital platforms and technology solutions, making it one of India's most influential digital infrastructure companies.

The IPO arrives at a time when investors are increasingly looking for exposure to high-growth technology and digital economy businesses.

Jio Platforms' extensive subscriber base and strategic importance within the broader Reliance Industries ecosystem have helped strengthen investor sentiment.

Key Dates Investors Should Know

The public issue opened on 21 October 2026 and closed on 23 October 2026.

The tentative schedule indicates:

• IPO Opening: 21 October 2026
• IPO Closing: 23 October 2026
• Basis of Allotment: 26 October 2026
• Expected Listing: 28 October 2026 on NSE and BSE

Market Significance

The successful subscription of the IPO underscores the continued appetite among investors for companies operating at the intersection of technology, digital services and telecommunications.

It also reflects confidence in India's digital growth story, where increasing internet penetration, data consumption and technology adoption continue to create opportunities for industry leaders.

For the broader market, the IPO represents another milestone in the evolution of India's capital markets, showcasing the ability of domestic and global investors to absorb and support large-scale offerings.

Outlook

While listing performance will ultimately depend on market conditions and investor sentiment at the time of debut, the strong subscription figures indicate robust demand for Jio Platforms shares.

The company's scale, brand strength, subscriber reach and strategic position within India's digital economy make it one of the most closely watched listings in recent years.

As the allotment process approaches and markets await the listing date, the IPO has already established itself as a landmark event for India's telecommunications and technology sectors, reinforcing the growing importance of digital businesses in the country's investment landscape.

Vikram Solar Set to Produce First Made-in-India TOPCon Cells from Gangaikondan in December 2026

Vikram Solar Readies 9 GW TOPCon Cell Plant at Gangaikondan: First Made-in-India Cells in December 2026

One of India's largest single-site solar cell facilities, co-located with Vikram Solar's module plant at Gangaikondan, takes the company from module maker to integrated manufacturer, with wafers next

Vikram Solar Limited, one of India's leading solar PV manufacturers, today announced that its 9-GW N-type TOPCon solar cell manufacturing facility at SIPCOT Industrial Park, Gangaikondan, Tirunelveli district, Tamil Nadu, is on schedule to produce its first cells in December 2026. The full 9 GW will be commissioned in phases thereafter.

India has built world-class module capacity in record time, yet the cell inside most Indian modules is still imported. Cells are the largest component of a module's bill of materials and the stage where efficiency, reliability and cost are decided. Gangaikondan addresses that dependence directly: at full capacity, it will supply high-efficiency TOPCon cells for the majority of Vikram Solar's module production. It will enable modules made in India from cell to frame for the country's utility-scale, rooftop, PM Surya Ghar and PM-KUSUM programs where domestic content requirements apply, as well as for global customers diversifying their supply chains. The company intends to seek ALMM List-II enlistment for cells produced at Gangaikondan in due course.

The cell plant is the second of three phases in Vikram Solar's integration roadmap at Gangaikondan. The first, the 6 GW module plant, was inaugurated by the Hon'ble Chief Minister of Tamil Nadu in August 2026; and the third being a 9 GW ingot and wafer facility, that is board-approved and targeted for FY29. Within the cell phase, capacity is planned to expand to 12 GW.

On completion, Gangaikondan will be one of the few sites in India where ingots, wafers, cells and modules are made together. The campus will provide more than 2000 direct & indirect employment. The facility is being developed through the company's wholly owned subsidiary, VSL Green Power Private Limited, on its nearly 200-acre integrated campus, where co-location shortens supply cycles, tightens quality control and lowers logistics cost.

Gyanesh Chaudhary, Chairman & Managing Director, Vikram Solar, said: “Indian module makers, including us, have built their businesses around imported cells. Gangaikondan ends that for Vikram Solar. Cells are where the value, the technology and the risk in a module sit, and in December we start making them here. It is the most important step in our integration journey, and not the last: our roadmap runs from wafer to module, on Indian soil.”

Gangaikondan at a glance

• Location: SIPCOT Industrial Park, Gangaikondan, Tirunelveli district, Tamil Nadu; nearly 200-acre integrated campus
• Cell capacity: 9 GW N-type TOPCon; first cells December 2026; full 9 GW commissioned in phases thereafter; planned expansion to 12 GW
• Module plant on site: 6 GW, inaugurated August 2026
• Next phase: 9 GW ingot and wafer facility, board-approved, targeted FY29
• Employment: 2000 direct and indirect employment on campus
• Developing entity: VSL Green Power Private Limited, a wholly owned subsidiary of Vikram Solar Limited

About Vikram Solar Limited:

Vikram Solar Limited is one of the leading Indian solar module manufacturers, specializing in efficient photovoltaic (PV) module manufacturing, with an international presence across 39 countries. Headquartered in Kolkata, West Bengal, it is one of the largest PV module manufacturers in India. Vikram Solar is a 9th time ‘Top Performer’ in PVEL’s PV Module Reliability scorecard and has been included in the Tier 1 solar PV modules manufacturer list of Bloomberg NEF for 10 consecutive quarters. Vikram Solar Limited has established a pan-India presence through an extensive distributor network of 119 authorized distributors and more than 750+ dealers.

Amaha Funding: Mental Healthcare Startup Set to Raise ₹100 Crore for Hospital and Clinic Expansion

The round brings together new and existing investors, including Lightbox, Fireside Ventures and prominent family offices and entrepreneurs. The capital will drive further expansion of Amaha’s hospital and clinic network in key cities across India, along with investments in clinical capabilities and technology.

Amaha, an integrated mental healthcare organisation, is set to close ₹100 crore fundraise to expand its hospital and clinic network and strengthen access to specialist care for people living with moderate to severe mental illness and their families. The round includes participation from existing investors such as Lightbox Ventures and Fireside Ventures, alongside London-based life skills platform, Sandbox International Holdings Limited (SIHL), Nithin Kamath (through Rainmatter), and the family offices of Mr. Shreyas Shibulal, Mr. Ashish Bharat Ram and Mr. Adarsh Jalan. The ₹100 crore round also includes ₹10 crore in debt financing from Alteria Capital.

This capital will power the next phase of Amaha’s growth, including new hospitals and clinics in key cities across India. It will also help Amaha strengthen its clinical teams and invest in the technology and structures needed to deliver high-quality specialist mental healthcare to more people across India.

Dr. Amit Malik, Psychiatrist, Founder and CEO of Amaha, said: “Over the years, working with lakhs of individuals and families, we have seen how important it is for people living with mental illness to get the right care at the right time, with their families supported along the way. At Amaha, we have built an integrated model that brings together specialised online consultations, outpatient care and hospital-based treatment, delivered by our in-house team of expert psychiatrists and psychologists, to make mental healthcare more accessible.

Our focus now is on deepening our clinical expertise and further building the infrastructure and systems needed to make evidence-based specialist mental healthcare accessible to more individuals and families across India, while maintaining high quality of treatment.”

Strengthening Clinical Capabilities

As its network grows, Amaha will further invest in strengthening clinical training and supervision, expanding its range of evidence-based treatments and protocols that ensure consistent standards of care.

It will also invest in technology, including AI-enabled tools for triage and clinician support, and data analytics that help clinical teams coordinate treatment, track outcomes and improve care delivery. Together, these capabilities will support clinicians in providing personalised, evidence-based care across Amaha's digital, outpatient and hospital services.

Mental Healthcare: The Case for Timely Intervention

Amaha's Mental Health Report 2026 draws on responses from 13,825 people who responded to questions about their mental health, experiences of distress and pathways to seeking professional support. It found that 53% of respondents had lived with their mental health concerns for more than a year before seeking professional help, and 94.9% reported experiencing two or more concerns at the same time. The findings highlight the need for timely access to specialist mental healthcare, through assessment and continued treatment.

About Amaha

Founded in 2016 by psychiatrist and healthcare entrepreneur Dr. Amit Malik, Amaha is an integrated mental healthcare organisation offering services across digital self-care, outpatient and inpatient treatment, and community support. It provides evidence-based assessment and treatment for a range of mental health conditions, including anxiety, depression, bipolar disorder, ADHD, OCD, addiction, schizophrenia and personality disorders.

Amaha operates nine centres across Bengaluru, Delhi NCR, and Mumbai, with services available in more than 15 languages. It has delivered over 450,000 therapy and psychiatry sessions to more than 100,000 clients, the vast majority of them in India. Its clinical network comprises 270+ mental health professionals, and its peer support communities have 65,000+ members.

In 2022, Amaha partnered with Children First, to strengthen its services for children, adolescents and families. In 2025, it launched a 27-bed super-specialty mental health hospital in Bengaluru, expanding its capabilities in intensive psychiatric care. Amaha’s second 55-bed mental health hospital is due to commence services at the end of December, 2026 in South Bangalore. Amaha also partners with 150+ organisations to deliver workplace and institutional mental health programmes.

Website: www.amahahealth.com

Media Contact:

Akshat Jain

Storytellers101
Akshat@storytellers101.com | +91 99202 10948

Tata Motors Expands Dharwad Plant With New Paint Shop, BIW And E‑Axle Lines

Inaugurates New Paint Shop and Advanced Manufacturing Lines

Tata Motors, India’s largest commercial vehicle manufacturer, has taken another significant step in advancing the future-readiness of its Dharwad plant with the inauguration of a new-generation paint shop and the commissioning of new Body-in-White (BIW) and E-Axle assembly lines. These additions go beyond expanding capacity, it enhances the plant’s manufacturing flexibility and strengthening its ability to produce vehicles across conventional and zero-emission powertrains.

The new facilities were inaugurated by Mr. Girish Wagh, MD & CEO, Tata Motors Ltd. in the presence of Mr. Vishal Badshah, Vice President & Head – Operations and Mr. DP Nambiar, Chief Human Resources Officer.

With women comprising more than 30% of its young, skilled shopfloor workforce, the plant also inaugurated an on-site crèche for employees’ children, reinforcing Tata Motors’ focus on creating an inclusive workplace that enables and supports a diverse workforce.

The Dharwad plant is the first such manufacturing facility in India to achieve ISO 30415 Diversity, Equity and Inclusion (DEI) validation. The plant operates on 100% renewable electricity and is certified Water Positive and Zero Waste to Landfill, underscoring its focus on sustainable, inclusive and globally competitive manufacturing.

Speaking on the occasion, Mr. Vishal Badshah, Vice President & Head – Operations, Tata Motors Ltd., said, “Dharwad has evolved into one of our most versatile manufacturing facilities, producing conventional and zero-emission vehicles on the same campus. The new capabilities inaugurated today further strengthen the plant with cleaner, more efficient and digitally enabled manufacturing, while enhancing the flexibility to respond to evolving product and customer requirements. This progress is underpinned by our young, skilled and diverse workforce. We thank the Government of Karnataka for its continued support and remain committed to contributing to the state’s industrial growth through sustainable and advanced manufacturing.”

Speaking on the new manufacturing capabilities, Mr. Vijay Battu, Senior General Manager and Plant Head – Dharwad, Tata Motors Ltd, said, “The commissioning of the new paint shop, BIW and E-Axle assembly lines marks significant technical and operational advancement for the Dharwad plant. With its modular design and scalable infrastructure, the new paint shop gives us greater agility to adapt to evolving manufacturing requirements and respond rapidly to changing business and customer needs. These capabilities also enable us to further elevate the benchmarks for quality, efficiency and sustainability.”

Since rolling out its first commercial vehicle in 2012, the Dharwad plant has evolved from a single-product facility into a versatile, multi-product manufacturing hub spread across an integrated campus of approximately 650 acres. It manufactures Small Commercial Vehicles (SCVs); Intermediate, Light and Medium Commercial Vehicles (ILMCVs); Heavy Commercial Vehicles (HCVs); and commercial passenger vehicles across multiple powertrains. The facility also supports a network of MSMEs and suppliers across North Karnataka.

About Tata Motors Ltd (Formerly TML Commercial Vehicles Ltd):

Part of the USD 180 billion Tata Group, Tata Motors Ltd., (BSE: Scrip code 544569; NSE: Scrip code TMCV) is India’s largest and a globally renowned manufacturer of utility vehicles, pick-ups, trucks, and buses. With over eight decades of leadership in commercial mobility, the company is known for its innovation, reliability, and performance. Its advanced powertrains, connected technologies, and intelligent fleet solutions support a wide range of applications—from last-mile delivery to public transport while seamlessly driving the wheels of the nation’s economy. Guided by its brand promise Better Always, Tata Motors delivers future-ready solutions that enhance customer experience and drive sustainable growth. The company operates in India and South Korea, with a global presence across Africa, the Middle East, Latin America, Southeast Asia, and SAARC countries.

As per the Composite Scheme of Arrangement sanctioned by the Hon’ble National Company Law Tribunal, Mumbai Bench—amongst Tata Motors Limited, TML Commercial Vehicles Limited (the Company) and Tata Motors Passenger Vehicles Limited—the Company’s name was changed to Tata Motors Limited from TML Commercial Vehicles Limited (effective 29 October 2025), and its equity shares are listed on the BSE Ltd and the National Stock Exchange of India Limited.

Neoterra Launches Made‑In‑India Solar Smart ACs, Cutting Cooling Costs By Up To 80% For Small Businesses

Make cooling work with the energy that is already abundant during the hottest part of the day—the sun

NeoTerra, a Climate Tech Company has introduced Neoterra Smart AC’s powered by Solar, 1.5-ton, 3-star split air conditioners designed to work with solar power while retaining the everyday convenience consumers expect from a modern AC. The system combines solar compatibility, App based Wi-Fi controls, 5-in-1 convertible cooling, PM1 air filtration and smart monitoring, with the ability to operate on solar or grid power. Neoterra technology can deliver up to 80% electricity energy savings, depending on usage and system configuration.

Neoterra Smart AC’s are currently offered at an introductory price of ₹42,299 + GST, with EMI options starting as low as ₹1,000/month, according to the company website. Neoterra also offers consultation, site assessment and sizing, professional installation and ongoing post-installation support.

The Solar powered Smart Air Conditioner is Made in India for India’s small-business owners and self-employed professionals. Ideal for workshops, clinics, salons, studios, offices, retail stores and home-run businesses, air-conditioning is becoming an increasingly significant operating expense—especially through India’s hotter summer months (nearly 8 months).

Neoterra is taking a different approach: make cooling work with the energy that is already abundant during the hottest part of the day—the sun.

For small businesses, the proposition is straightforward: cool the workplace without allowing electricity costs to keep climbing.

“Small business owners and self-employed professionals cannot simply pass every increase in electricity costs on to their customers. We wanted to rethink the AC around their reality—where cooling is essential, but the running cost matters just as much as the purchase price.” says Bipin Narang, Founder, Neoterra

The Neoterra Smart Solar AC is designed to connect directly with solar power without requiring a separate inverter for the AC itself. Its 5-in-1 Convertible technology allows users to adjust cooling capacity across five levels, helping businesses match cooling output to occupancy and heat conditions rather than running at full capacity all the time. App based Wi-Fi connectivity also enables connected control and monitoring through the mobile app.

“Climate action has to move beyond awareness and become part of everyday life. If millions of Indian homes and small businesses can use sunshine to meet a meaningful part of their cooling needs, we can make adaptation to rising temperatures both affordable and commercially sensible” adds Bipin Narang, Founder, Neoterra

The climate proposition is equally practical. Cooling demand rises precisely when solar generation is strongest, creating a natural opportunity to shift a significant part of AC electricity consumption away from conventional grid power. Neoterra positions its product as an everyday climate solution—helping consumers reduce dependence on conventional electricity while making clean-energy cooling more accessible.

About NeoTerra:-

NeoTerra is an Indian climate tech company that develops intelligent, direct solar-powered smart air-conditioning systems for homes and businesses.

Website:- https://neoterra.in/