Business EconomyPosted at: Oct 28 2026 2:33PM

New Delhi, Oct 28 (UNI) Shares of Mukesh Ambani-owned Jio Platforms made a strong debut on the stock exchanges on Wednesday, listing at a premium of 21.36% over the initial public offering (IPO) price of Rs 1,119.
The stock opened at Rs 1,358 on both the BSE and the NSE, giving investors a significant listing gain. At the time of listing, Jio Platforms had a market capitalisation of around Rs 12.5 lakh crore, making it India's second-most valuable listed company after its parent, Reliance Industries Limited (RIL).
Reliance Industries commanded a market capitalisation of Rs 16.15 lakh crore, while Bharti Airtel, Jio Platforms' key rival in the telecom sector, was valued at Rs 12.18 lakh crore, according to BSE data.
The listing ceremony was attended by members of the Ambani family, including Akash Ambani, managing director of Jio Platforms, and Isha Ambani, a non-executive director of the company.
Jio Platforms' Rs 30,213 crore IPO witnessed strong investor interest, with the issue getting fully subscribed within 100 minutes of opening on October 21. The public offering eventually received bids for 22.19 times the number of shares on offer.
According to NSE data, investors bid for more than 438 crore shares against approximately 19.75 crore shares available under the issue.
Qualified institutional buyers (QIBs) emerged as the strongest contributors to the demand, with their portion subscribed 70.55 times. The category received bids for approximately 345.76 crore shares against 49.01 crore shares reserved for institutional investors.
The non-institutional investor category was subscribed 14.09 times, while the retail investor portion received bids for 2.72 times the shares on offer. The employee and shareholder categories were subscribed 2.93 times and 7.60 times, respectively.
Ahead of the public issue, Jio Platforms allotted shares worth Rs 8,109.85 crore to 212 anchor investors at the upper end of its price band.
Institutional demand for the offering had reportedly exceeded Rs 2.5 lakh crore, more than 30 times the amount available under the anchor investor allocation.
The IPO was structured entirely as a fresh issue of shares, making it a significant capital-raising event for the company.
The offering also set a global milestone by becoming the first IPO to attract more than one crore applications, surpassing the previously reported record of approximately 97 lakh applications for Waaree Energies' public issue.UNI VK AAB