Jio Platforms debuts at about 21% above its IPO price
Jio Platforms shares opened in Mumbai on Wednesday at about a 21% premium to their Rs 1,119 IPO price, giving India's largest-ever public offering a strong debut. The issue raised roughly Rs 30,200 crore and was subscribed 22.19 times, The Economic Times reported. Devdiscourse put Jio's market value at about $131.52 billion, making it India's second-largest company after Reliance Industries.
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Jio Platforms shares debuted in Mumbai on Wednesday at a premium of about 21% to the IPO price, giving India’s largest-ever public offering a strong start. The issue price was Rs 1,119; reports put the opening price between Rs 1,357 and Rs 1,359. The offering raised about Rs 30,200 crore and attracted record demand. The Economic Times reported that it was subscribed 22.19 times and consisted entirely of newly issued shares, with no offer for sale by existing shareholders. Devdiscourse put Jio’s market value at about $131.52 billion, making it India’s second-largest company by market capitalisation, behind parent Reliance Industries. Jio’s telecoms business serves more than 530 million customers and is backed by Meta Platforms and Google.
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Reporting
- Firstpost — Jio Platforms shares list at 21% premium, debut at Rs 1,357 against IPO price
- Devdiscourse — Ambani's Jio surges 21% in Mumbai debut after record $3.2 billion India IPO
- The Economic Times — Jio after listing: 5 factors that could drive big returns for long-term investors - The Economic Times
- The Economic Times — Jio makes its D-Street debut: What it means for Reliance Industries investors and the road ahead - The Economic Times
- TradingView — Jio Platforms shares surge on debut; here's a list of key milestones set by company
- Reuters — Ambani’s Jio becomes India’s second-most valuable firm in $131.5 billion debut
Verifier’s note
Firstpost, Devdiscourse, The Economic Times, TradingView carrying Moneycontrol, and Reuters all report Jio’s debut at roughly a 21% premium after the record IPO. Their reports are dated October 28, 2026, consistent with the proposed event’s timing.