Jio Platforms debuts, gains 21% on first day
Jio Platforms Ltd. listed on BSE and NSE at Rs 1,358 per share, a 21% premium, raising Rs 30,188 crore and becoming India’s largest telecom by market cap.
Key points
- Jio Platforms listed at Rs 1,358, 21.36% above issue price of Rs 1,119.
- IPO raised Rs 30,188 crore with 13.86 million applications, 21.36× overall subscription.
- Shares hit intraday high of Rs 1,423.90, closed at Rs 1,419, about 21% gain.
- Market cap around Rs 12.50 lakh crore, surpassing Bharti Airtel as most valuable Indian company.
- First mega issue in 2026 to deliver double‑digit listing gains.
Jio Platforms debut on Indian stock exchanges
Jio Platforms Ltd listed on the BSE and NSE on October 28, 2026 at Rs 1,358 per share, a 21.36% premium over the issue price of Rs 1,119.
The IPO raised Rs 30,188 crore.
The issue attracted nearly 13.86 million applications and was subscribed 21.36 times overall, with qualified institutional buyers subscribed 67.15 times, non‑institutional investors 13.99 times, retail investors 2.76 times, the shareholder quota 7.59 times and the employee portion 2.91 times.
The company plans to use Rs 27,500 crore of the proceeds to repay subsidiary borrowings.
After opening, the shares rose to an intraday high of Rs 1,423.90 on the NSE and closed at Rs 1,419, delivering an approximate 21% gain over the issue price.
At the opening price of Rs 1,358, Jio Platforms’ market capitalization was around Rs 12.50 lakh crore, making it India’s largest telecom company by market cap and moving it ahead of Bharti Airtel in the ranking of most valuable Indian companies.
The listing marked the first mega issue in 2026 to deliver double‑digit listing gains.
Your questions, answered
How much did Jio Platforms raise in its IPO?
The IPO raised Rs 30,188 crore.
What was the subscription rate for Jio Platforms’ IPO?
The issue was subscribed 21.36 times overall.
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