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Business & Stocks Business Standard • Oct 28, 2026

Jio Platforms Debuts at 21% Premium: Reaches ₹12.5 Lakh Cr Market Cap, Becoming INDIA's Most Widely Held Listed Stock

💡 Key Takeaways

•Jio Platforms listed at ₹1,358, marking a 21.36% premium over its ₹1,119 IPO price.
•The ₹30,200 crore IPO was subscribed 22.2 times with over 1.38 crore applications, resulting in nearly 80 lakh shareholders.
•The company's market cap reached ₹12.5 lakh crore, helping Reliance surpass Tata Group as India's most valuable conglomerate.

NEW DELHI [NCRBuzz Wire] — ### NEW DELHI [NCRBuzz Wire] — Jio Platforms has officially listed on Indian bourses at a 21.36% premium over its IPO price of ₹1,119, settling at ₹1,358 per share on the BSE and NSE pre-open session.

**The ₹30,200 crore IPO witnessed strong investor demand, attracting over 1.38 crore applications and achieving an overall subscription rate of 22.2 times.** Major brokerages including Nomura, Motilal Oswal, and Elara Capital have initiated coverage with Buy ratings, reflecting robust confidence in the firm's digital infrastructure and services. Following this listing, Jio Platforms has become India’s most widely held listed stock, recording nearly 80 lakh shareholders.

**Following this stellar debut, Jio Platforms has achieved a market capitalization of ₹12.5 lakh crore, securing its position as India’s second-most valuable company after parent firm Reliance Industries.** Furthermore, the surge in Jio Platforms' share price powered the Reliance Group's combined market capitalization past ₹30 trillion, surpassing the Tata Group at ₹25 trillion based on Bloomberg data.

| Metric | Data Point |

| :--- | :--- |

| IPO Price | ₹1,119 |

| Listing Price | ₹1,358 |

| Listing Premium | 21.36% |

| Issue Size | ₹30,200 Crore |

| Subscription Rate | 22.2x |

| Market Capitalization | ₹12.5 Lakh Crore |

| Total Shareholders | ~80 Lakh |

**Market analysts attribute the successful listing to high institutional participation and expectations surrounding the company's expanding digital and AI-driven services.** The transparent price discovery process monitored by regulatory bodies ensured orderly trading across domestic exchanges.

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🏛️ Background Context

The public offering and subsequent high-valuation listing reflect the accelerated growth of India's digital and telecommunications sector, driven by heavy institutional investments and expansive consumer adoption of data and AI-enabled services.

💡 Citizen & Commuter Quick Explainer (FAQ)

Q1: What was the listing price and premium for Jio Platforms?

Jio Platforms listed at ₹1,358 per share, marking a 21.36% premium over its IPO price of ₹1,119.

Q2: How many shareholders does Jio Platforms have following its debut?

Following its blockbuster IPO debut, Jio Platforms became India's most widely held listed stock with approximately 79.6 lakh (nearly 80 lakh) shareholders.

Q3: What is the total market capitalization of Jio Platforms after listing?

Jio Platforms achieved a market capitalization of ₹12.5 lakh crore, making it India's second-most valuable company after its parent firm Reliance Industries.

Verified Wires: Business Standard, Livemint Markets & Economy, Economic Times Markets, Google News Business Original Wire Dispatch ↗

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