Jio Platforms listed on the NSE and BSE on October 28, 2026 at ₹1,358, a premium of 21.36% over its ₹1,119 issue price, and became India’s second-most valuable listed company, Business Standard reported.
The stock closed the day at ₹1,419, up 26.81%. Its market value at debut was reported at about ₹12.5 lakh crore, behind only Reliance Industries, which holds a 66.4% stake. Details are based on Business Standard, Free Press Journal and Business Today.
Jio Platforms IPO at a glance
| Item | Details |
|---|---|
| Issue size | ₹30,213 crore, all fresh shares |
| Shares sold | About 27 crore |
| Price band | ₹1,065 to ₹1,119 |
| Subscription | About 22 times |
| Open and close | October 21 to 23, 2026 |
| Listing | October 28, 2026, at ₹1,358 |
| First-day close | ₹1,419 |
Market value figures vary by source and time of day. Issue details are from IPO trackers and news reports.
How it got here
The IPO was far from smooth. In May, Bloomberg reported it had slowed as the Iran war hit Indian markets, and Reliance moved to a fresh-issue-only structure. Jio filed its draft papers on June 19, and SEBI’s observations were reported on August 28.
Akash Ambani called the listing a new beginning, with the next decade focused on AI, cloud and space technology, Business Standard reported. Jio has 53.33 crore subscribers and about 28.5 crore 5G users, as of June.
Why it matters for mobile shops
Jio’s revenue per user was ₹215.6 in the June quarter, against Airtel’s ₹264. Investors will be watching that number, but no tariff change has been announced. Watch for changes in recharge plans, and avoid giving customers investment advice.
