Jio Platforms Soars 27% on Listing to Reach Rs 13 Lakh Crore Valuation

28 Oct 2026, 11:12 am · 13h ago · 1 min read · YourStory

Amount

Rs 30,213 Cr

Stage

IPO

Jio Platforms made a stellar stock market debut on the National Stock Exchange, closing at Rs 1,419 per share with a 26.81% gain over its Rs 1,119 issue price. The company attained a market capitalisation of Rs 13.06 lakh crore, making it India's second-most valued company behind parent Reliance Industries. The Rs 30,213-crore IPO had previously seen 22X oversubscription. Managing Director Akash Ambani highlighted that Jio is layering digital services, artificial intelligence, and cloud computing atop its 5G network infrastructure serving over 533 million customers to drive future enterprise and tech growth.