Suryaa Business Desk: Mumbai, October 28: Reliance Industries' Jio Platforms has made a sensational debut in the stock market. Jio is the largest IPO in the country. Mumbai, October 28: Reliance Industries' Jio Platforms has made a sensational debut in the stock market. Shares of Jio Platforms, the country's largest IPO, were listed at ₹1,358 on BSE and NSE on Wednesday. This is a premium of 21.36 percent compared to the company's IPO issue price of ₹1,119. With this, the market value of Jio Platforms on the day of listing reached about ₹12.5 lakh crore. Even before the listing, there was huge interest in Jio shares in the market. The IPO of around ₹30,200 crore has received huge response from investors. At the close of bidding, the issue was oversubscribed 22.19 times. The Qualified Institutional Buyers (QIB) segment alone saw over 70 times subscription.
Second most valuable company with listing With its share market debut, Jio Platforms has become the second most valuable listed company in terms of market capitalization in the Indian stock market. With a market cap of around ₹12.5 lakh crore, Jio has overtaken Bharti Airtel. Reliance Industries continues to hold the first position. While Jio's share price was ₹1,358 at the time of listing, it also touched ₹1,375 on the BSE in early trading. That means an increase of around 22.9 percent compared to the IPO price. Over Rs.30 thousand crore IPO The Jio Platforms IPO is valued at around ₹30,213 crore. This entire issue was made entirely by issue of fresh equity shares. There was no sale of shares by way of OFS from Reliance Industries or other existing shareholders. The company plans to use around ₹27,500 crore of the funds raised through the IPO to prepay or settle Reliance Jio Infocomm's debt. The remaining amount is earmarked for general corporate needs and issue expenses.
More than 53 crore customers Starting with the telecom sector, Jio has now expanded into digital entertainment, broadband, cloud, enterprise technology, artificial intelligence and connected devices. Jio has over 533.3 million customers as of June 2026. About 60 percent of the country's data traffic goes through the Jio network, according to company figures. Focus on AI, Cloud, Space Technology After the stock market listing, Managing Director Akash Ambani made key comments on the future plans of Jio Platforms. He said that it will not be limited to telecom services but will expand in areas such as AI, cloud computing, connected devices and space-based connectivity. Jio's foray into the stock market has created a unique market value for Reliance Group's digital business. The overwhelming response from investors reflects market expectations for Jio's future growth. However, market analysts suggest that factors like competition, heavy capital expenditure, telecom regulatory changes are likely to affect the company's performance in the future.
