Jio Platforms listed at a 21% premium to its IPO price on October 28 after raising $3.2 billion in India's largest and most-subscribed share sale, valuing the company at about $132 billion.
Jio Platforms, the telecom and digital services unit of Mukesh Ambani's Reliance Industries, debuted on the Bombay Stock Exchange and National Stock Exchange on October 28 with shares opening at \u20b91,358, a 21% premium to the IPO price of \u20b91,119.
The listing valued the company at roughly \u20b912.5 trillion, or about $132 billion, making it India's second-most valuable listed firm after its parent. The IPO, which closed on October 23, raised about \u20b930,200 crore ($3.2 billion) and was subscribed 22.19 times, attracting more than $77 billion in bids and over 13 million applications.
Meta and Google, which invested in Jio in 2020, remain major shareholders. The debut follows weeks of heavy oversubscription that made it India's largest and fastest fully subscribed mega IPO.
Exchange data and reports from TechCrunch, Livemint and Forbes India confirm the opening price, the premium and the market capitalisation. The company has not issued a separate formal statement beyond the listing mechanics, but the figures match across multiple independent financial outlets.
The strong debut reinforces investor confidence in India's digital and telecom sector and positions Jio as a major publicly traded player alongside its parent. Trading continues, with analysts noting the valuation now places it among the world's most valuable founder-led tech-telecom hybrids.