Jio Platforms Lists at Rs 1,358, Up 21% on Debut: India's Second Most Valuable Company After Record IPO
Jio Platforms made a strong stock market debut on Wednesday, October 28, 2026, listing at Rs 1,358 per share on both the BSE and the NSE — a premium of 21.36 per cent over its issue price of Rs 1,119. The listing instantly made the Reliance Industries-backed digital services company India's second most valuable listed firm by market capitalisation, behind only its parent, Reliance Industries. In early trade the shares touched Rs 1,374 and were trading around Rs 1,357.45, up Rs 238.45 or 21.31 per cent from the issue price. At that level the company's market value stood at about Rs 12.5 lakh crore, with exchange data putting the early valuation at Rs 12,50,586.39 crore. Reliance Industries, which holds a 64.48 per cent stake in Jio Platforms according to listing-day reports, was trading marginally higher at around Rs 1,197. What investors made on listing day The debut turned the record IPO demand into immediate gains for allottees. A retail investor allotted the minimum lot of...