Jio Platforms shares opened at 1,358 rupees, a 21 percent premium over the 1,119-rupee IPO price, after raising about $3.1 billion in India's largest share sale.
Jio Platforms, the digital and telecom arm of Reliance Industries, made its stock market debut on the National Stock Exchange and BSE on October 28th, 2026, with shares opening at 1,358 rupees.
The listing price marked a 21 percent premium over the final IPO issue price of 1,119 rupees, after the company raised approximately $3.1 billion in what became India's largest initial public offering by proceeds. Bloomberg reported the debut valued the company at about $131.5 billion, positioning it as India's second-most valuable listed firm after parent Reliance Industries and ahead of Bharti Airtel.
The IPO had drawn overwhelming demand during its subscription window earlier in the month, with total bids exceeding several times the offer size, underscoring strong investor appetite for the telecom and digital services business. The Ambani family marked the occasion with a ceremonial gong strike at the exchange.
Multiple independent reports from Bloomberg, CNBC-TV18 and News18 confirm the opening price of 1,358 rupees and the 21 percent premium; exchange data and company filings align with these figures, and no contradictory accounts have emerged.
The strong debut provides a boost to India's capital markets after a series of large listings and signals continued confidence in the digital economy under Mukesh Ambani's leadership. Analysts note it may encourage further tech and telecom offerings, though broader market caution ahead of central bank decisions remains. The next test will be the company's first quarterly results and how the stock holds the premium in coming sessions.
People Sentiments Public Mood: Positive
- Investors welcomed the premium listing
- Ambani family celebrated the milestone
- Market watchers see it as positive for Indian equities