28-Oct-2026 10:17:50
Jio Platforms Shares List at 21% Premium, Becomes India’s Second-Largest Company by Market Cap
Jio Platforms made a strong stock market debut on October 28, with shares listing at a premium of around 21% over the IPO price of ₹1,119. The listing propelled the telecom and digital services company to become India’s second-largest listed company by market capitalisation, behind parent Reliance Industries. The company’s ₹30,213-crore IPO attracted massive investor demand, with the issue subscribed 22.19 times. Jio serves more than 530 million customers across its telecom and digital ecosystem.