In Brief
- The ₹30,213-crore public offering stands as India's largest IPO to date, attracting total bids exceeding ₹7.5 lakh crore.
- Shares opened at ₹1,358 on the National Stock Exchange (NSE) and a similar premium on the Bombay Stock Exchange (BSE).
- Driven by its stellar market entry, Jio Platforms has become India's second-largest company by market capitalization.
- Jio sits immediately behind its parent entity, Reliance Industries, which remains India's largest corporation.
Landmark Market Debut for Jio Platforms
Jio Platforms officially commenced public trading on Wednesday, October 28, 2026, following an unprecedented primary market response. The ₹30,213-crore public offering generated massive institutional and retail demand, drawing total subscription bids exceeding ₹7.5 lakh crore.
Trading opened on the National Stock Exchange (NSE) at ₹1,358 per share, marking a 21.36% premium over the final issue price. Similar opening gains were registered on the Bombay Stock Exchange (BSE).
Ascent to India's Second-Largest Corporation
The strong valuation and massive trading volume on listing day propelled Jio Platforms past legacy conglomerates to secure the position of India's second-largest publicly traded company by market capitalization.Financial analysts attribute the robust market appetite to Jio's dominant subscriber base, expanding digital infrastructure, and monetization across 5G and enterprise tech services.
