Jio Platforms Shares List at Rs 1,358, a 21.36% Premium

Jio Platforms listing took place on 28 October 2026, when the company's shares debuted on the NSE and BSE at Rs 1,358 each. That is a 21.36% premium to the issue price of Rs 1,119, or Rs 239 per share.

The listing values Jio Platforms at about Rs 12.5 lakh crore, up from about Rs 10.3 lakh crore at the issue price. It follows India's largest IPO, a fresh issue of 27 crore shares worth about Rs 30,213 crore with no offer for sale, which was subscribed 22.19 times.

Jio Platforms listing at a glance

How the IPO of about Rs 30,213 crore was bought

Bidding ran from 21 to 23 October 2026. Qualified institutional buyers bid for their reserved portion 70.55 times, non-institutional investors 14 times and retail investors 2.72 times.

Before the issue opened, Jio Platforms raised about Rs 8,110 crore from anchor investors at Rs 1,119 per share. BlackRock was among the anchors.

Where Jio Platforms sits among India's listed companies

Jio Platforms is the telecom and digital services arm of Reliance Industries. Its subsidiary Reliance Jio Infocomm had 533.3 million subscribers as of 30 June 2026.

With the listing, Jio Platforms became India's second-largest listed company by market value, according to Entrackr and The Tribune.

What Jio Platforms will do with the IPO money

According to the issue details, Rs 27,500 crore will be used to prepay part of the borrowings of its subsidiary Reliance Jio Infocomm. The rest will go towards general corporate purposes and issue expenses.

Jio Platforms after its stock market debut

Jio Platforms now trades on the NSE and BSE after raising about Rs 30,213 crore in India's largest IPO. Its shares opened at Rs 1,358, against an issue price of Rs 1,119, and the company is valued at about Rs 12.5 lakh crore.

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