Athira Sethu
Kochi, 28 October 2026
Jio Platforms’ Stocks Jump 21% after Being Listed in the Stock Market
Jio Platforms Limited, a telecom and digital services company that is a subsidiary of Reliance Industries, debuted successfully in the stock market on Wednesday, October 28, 2026.
Its stock was listed for ₹1,358 each in the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
The stocks were 21.36% higher from the IPO price of ₹1,119 per share.
Investors Gain ₹2,868 per Lot
Investors gained profits on the first day after getting shares from the Jio Platforms Limited Initial Public Offer (IPO). The one IPO lot included 12 shares and costed ₹13,428. At the listing price, the value of one lot became ₹16,296. Hence, there was a profit of ₹2,868 per lot.
Jio Becomes India’s Second Most Valuable Firm
After being listed in the stock market, Jio Platforms Limited attained a market capitalization of ₹12.50 lakh crore.
It became the second-most valuable listed company in India after Reliance Industries.
The Reliance Industries had a market capitalization of ₹15.94 lakh crore.
According to the report, the listing helped Reliance Industries become the most valuable business group in India, surpassing the Tata Group.
Jio Rakes in ₹30,213 Crore via IPO
The Jio Platforms IPO brought in ₹30,213 crore through the issuance of 27 crore additional stocks.
The firm intends to use around ₹27,500 crore of the money raised for debt repayment at its subsidiary, Reliance Jio Infocomm.
The balance amount is meant for business-related purposes.
Debt reduction may assist the company in improving its financial standing and further expansion.
Investors Respond Positively to IPO
The Jio Platforms IPO generated strong investor interest.
The public issue was oversubscribed 22.19 times, which implies that many times more shares were applied for compared to those on offer.
Institutional investors responded enthusiastically, subscribing 70.55 times their allocated shares.
Non-institutional investors oversubscribed the allotment 14 times, while retail investors subscribed 2.72 times.
Akash Ambani Unveils His Vision for the Future
Akash Ambani, chairman of Reliance Jio Infocomm, stated that the reaction to its IPO was better than expected.
According to him, Jio intends to provide advanced technology and digital services to a greater number of people in India.
Their future strategy will involve boosting internet connectivity and also developing space-based communications services.
Jio Platform IPO is Backed by Global Investors
Prior to its IPO, Jio Platforms raised ₹8,109.85 crore from some key investors.
They include LIC, BlackRock, Fidelity, Capital Group, and others.
This shows a positive response from global investors, which is crucial to the future success of Jio Platforms.
