Athira Sethu
Kochi, 29 Oct 2026
With the impressive listing on the stock markets, Jio Platforms, a digital services subsidiary of Reliance Industries, became India’s second most valuable listed company after having an impressive stock market listing on Wednesday, October 28. The stock of Jio Platforms started trading at ₹1,358 at the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). It marked a rise of 21.36% from its IPO price of ₹1,119 per share.
Market Value of Jio Platforms to Touch ₹12.50 Lakh Crore
As Jio Platforms made its presence felt in the stock markets, its market value touched ₹12.50 lakh crore mark. Market value can be defined as the overall value of the stocks of the company available in the stock market. Jio Platforms took over the position of being the second most valuable listed company in India.
India’s most valuable listed company is Reliance Industries, which has a market value of ₹15.90 lakh crore. Bharti Airtel has taken the third place with a market value of ₹12.05 lakh crore, followed by HDFC Bank with ₹10.42 lakh crore and ICICI Bank with ₹9.80 lakh crore. Together, the two companies have a market value of ₹28.40 lakh crore.
Strong Investors’ Response to Jio Platforms IPO
Jio Platforms issued an Initial Public Offering (IPO) valued at ₹30,213 crore. IPO refers to the process through which companies sell their shares to the general public for the first time. The company’s offering was well received by investors and had been subscribed 22.19 times. It implies that investors had bid for more than 22 times of the shares available.
The IPO attracted 1.39 crore applications. The total demand by investors, including large institutional investors, surpassed ₹7.4 lakh crore. Such a huge interest indicated the immense popularity of Jio Platforms before its stock market debut.
Fastest Subscribed Mega IPO of India Within 100 Minutes
Jio Platforms’ IPO took place from October 21 to October 23. The company offered 27 crore fresh shares in the IPO priced between ₹1,065 to ₹1,119 per share.
Investors managed to apply for all the shares available in just 100 minutes on the opening day of the offering. As per reports, it was the fastest subscribed mega IPO of India.
Reliance Industries Remains the Majority Shareholder
Reliance Industries is the majority shareholder with 66.4% equity in Jio Platforms. The success of its initial public offering has been a major achievement for both companies.
Jio Platforms has achieved a successful initial public offering in the stock market and this clearly shows increased interest of investors in the telecom and digital services sector of India. This makes Jio Platforms one of the largest Indian-listed companies with a market capitalization of ₹12.50 lakh crore.
