Jio Platforms Debuts at 21.36% Premium After ₹30,213 Cr IPO

28 Oct 2026, 10:05 am · 4h ago · 1 min read · Inc42

Amount

₹30,213 Cr

Stage

IPO

Shares of Jio Platforms listed at ₹1,358 on BSE and NSE, delivering a 21.36% premium over the ₹1,119 issue price. The debut pegged the digital and telecom giant's market capitalisation at ₹12.5 lakh crore ($131 billion). India's largest public issue of ₹30,213 crore was subscribed 22.19 times and consisted entirely of fresh equity issuance without any offer-for-sale. Ahead of the debut, Jio raised ₹8,109.8 crore from anchor investors including BlackRock, ADIA, GIC, and domestic mutual funds. Proceeds will primarily repay ₹27,500 crore debt at subsidiary Reliance Jio Infocomm.