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Business
Jio Debuts at Rs 1,358, Becomes India's Second Most Valuable Company
✍️ Times of India
🗓 29 Oct 2026, 10:45 AM
👁 1
Jio Platforms listed at a premium of Rs 1,358, surging to Rs 1,419 to achieve a market cap of Rs 13.1 lakh crore, placing it behind only Reliance Industries.
Jio Platforms marked a significant milestone in the Indian stock market on its debut day, listing its shares at a premium price of Rs 1,358. The strong opening reflected high investor confidence in the telecom giant, which is a subsidiary of Reliance Industries Limited (RIL).
Following the listing, the stock price surged to Rs 1,419. This upward trajectory resulted in a market capitalisation of Rs 13.1 lakh crore. Consequently, Jio has established itself as the second most valuable company in the country, trailing only its parent organization, Reliance Industries.
The successful listing also elevated the entire RIL group to the top position among India's most valued business houses. The event underscores the robust valuation of the conglomerate's digital and telecom assets in the current market environment.
Investor interest in the offering was evident prior to the listing, as the IPO was oversubscribed more than 22 times. This high level of subscription indicates substantial demand from both institutional and retail investors for Jio's equity shares.
Following the listing, the stock price surged to Rs 1,419. This upward trajectory resulted in a market capitalisation of Rs 13.1 lakh crore. Consequently, Jio has established itself as the second most valuable company in the country, trailing only its parent organization, Reliance Industries.
The successful listing also elevated the entire RIL group to the top position among India's most valued business houses. The event underscores the robust valuation of the conglomerate's digital and telecom assets in the current market environment.
Investor interest in the offering was evident prior to the listing, as the IPO was oversubscribed more than 22 times. This high level of subscription indicates substantial demand from both institutional and retail investors for Jio's equity shares.