2 publishers · first seen Thu, 29 Oct 2026 06:53 UTC · updated Thu, 29 Oct 2026 22:02 UTC
Jio Platforms Ltd made a strong market debut on October 28, 2026, listing at Rs 1,358, a 21.36 per cent premium to its issue price of Rs 1,119, on both the BSE and NSE. The stock closed at Rs 1,417.35 on the BSE and Rs 1,417.50 on the NSE, giving the company a market valuation of Rs 13 lakh crore, making it the second most valuable Indian firm after Reliance Industries, valued at Rs 15.67 lakh crore.
The combined market valuation of the Reliance Group, including Jio Platforms and Jio Financial Services, reached Rs 30 lakh crore, surpassing the Tata Group's Rs 25.28 lakh crore. Jio Platforms' Rs 30,213 crore IPO was fully subscribed within 100 minutes of opening, attracting bids 22.19 times the shares on offer and around 1.39 crore applications, marking it as India’s largest IPO.
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