Jio Platforms shares listed on October 28 at Rs 1,358, about 21.4% above the IPO price of Rs 1,119.
The listing valued the company at about 131.5 billion dollars, making it India’s second most valuable listed company after Reliance Industries.
The Rs 30,213 crore offer drew bids worth about 77 billion dollars.
It was the first listing from the Reliance group in about two decades.
The Sensex fell 352.64 points on the day.
Jio Platforms shares listed on the stock exchanges on Wednesday, October 28, 2026, at Rs 1,358, a premium of about 21.4% over the issue price of Rs 1,119, according to HDFC Sky and Meyka.
The 21.36% premium and the listing price are exchange data, according to Meyka’s article.
HDFC Sky says the listing valued the company at about 131.5 billion dollars, making it India’s second most valuable listed company after parent Reliance Industries.
It was the first listing from the Reliance group in about two decades, and Jio serves more than 530 million customers, according to HDFC Sky.
The public offering was worth Rs 30,213 crore, and bids were worth about 77 billion dollars, according to HDFC Sky.
Meyka says the issue was subscribed more than 22 times overall, with institutional investors bidding more than 70 times their quota and retail investors 2.72 times, citing CNBC.
Meyka says about 1.3 crore investors applied and that the offer beat Hyundai Motor India’s Rs 27,859 crore IPO of 2024, citing The Economic Times.
Meyka reports that the stock rose further during the day to close near Rs 1,417.50 on the NSE, about 27% above the issue price, with some reports citing Rs 1,419. This closing figure comes from a single outlet, and HDFC Sky reports only the opening price.
The day’s high was about Rs 1,424 and the low about Rs 1,357, according to Meyka. These are approximate figures.
Jio World Centre, Mumbai (file image), Wikimedia Commons, CC BY 4.0
