In recent years, some super hybrid rice varieties were bred with strong culms and large panicles, which are mainly contributed by the <i>ipa1-2D</i> locus. A gain-of-function allele of <i>OsSPL14</i> is the <i>ipa1-2D</i> and it can greatly increase the panicle primary branch number. However, the key downstream genes mediating this trait variation are not fully explored. In this study, we developed high-quality near-isogenic lines (NILs) with a difference of only 30 kb chromosomal segment covering the <i>ipa1-2D</i> locus. Using the NILs, we explored the impact of <i>ipa1-2D</i> on five sequential stages of early inflorescence development, and found that the locus can greatly enhance the initiation of primary branch meristems. A transcriptomic analysis was performed to unveil the downstream molecular network of <i>ipa1-2D</i>, and 87 genes were found differentially expressed, many of which are involved in metabolism and catalysis processes. In addition, transgenic lines of overexpression and RNA interference were generated to shape different levels of <i>OsSPL14</i>. They were also used to validate the expression variation explored by transcriptome. Based on the gene annotation, twelve potential downstream targets of <i>ipa1-2D</i> were selected, and their expression variation was confirmed by qRT-PCR analysis both in NILs and transgenic lines. This research expands the molecular network underlying <i>ipa1-2D</i> and provides novel gene information which might be involved in the control of panicle branching. We discussed the potential function of identified genes and highlighted their values for future function exploration and breeding application.