Jio Platforms Share Price: Stock Lists at ₹1,358, Market Cap Tops ₹12.5 Lakh Crore

Mumbai | 28 October 2026 

Jio Platforms, the digital services arm of Reliance Industries, made its stock market debut on Wednesday. The telecom company is backed by Meta and Alphabet’s Google, and it serves more than 530 million customers. Its shares listed at ₹1,358 each on both exchanges, a premium of 21.36% over the initial public offering (IPO) issue price of ₹1,119. 

How Much Did IPO Investors Gain on Listing? 

Investors who applied at the IPO price of ₹1,119 booked gains when the stock listed at ₹1,358. 

How Are Jio Platforms Shares Trading After Listing? 

Jio Platforms shares traded above their listing price after the debut. The stock traded at ₹1,367.10 on the NSE, up ₹248.10, or 22.17%, from the issue price. On the BSE, it traded at ₹1,367.00, up ₹248.00, or 22.16%. 

Buy orders made up 94.5% of total order flow by 10:15 am. Turnover, or the total value of shares traded, reached ₹13,132 crore in the first hour of trade. 

Shares of Reliance Industries traded lower on the same day. The stock stood at ₹1,175.40 on the NSE and ₹1,175.65 on the BSE. 

How Did the Jio Platforms IPO Perform Before Listing? 

The ₹30,200 crore Jio Platforms IPO was subscribed over 22x last week. Investor demand ran well ahead of the shares on offer. 

• Combined demand across the public issue and the anchor investor placement exceeded ₹7.4 lakh crore. Anchor investors are large institutions that buy shares before an IPO opens to the public. 

• The offering drew nearly 1.39 crore applications. 

What Is Jio Platforms’ Market Capitalisation After Listing? 

Market capitalisation is the total value of all of a company’s shares at the current share price. Jio Platforms’ market capitalisation stood at ₹12,50,586.39 crore at listing, crossing ₹12.5 lakh crore. This makes it India’s second-most valuable company after Reliance Industries. The company’s free float, or the share of its stock available for public trading, stands below 3%. 

The listing also changed the rankings in two areas: 

• Jio Platforms overtook Bharti Airtel to become India’s most valuable telecom company by market capitalisation. 

• The listing made Reliance Industries the most valuable conglomerate in India. 

What Share of India’s Telecom Market Does Jio Platforms Hold? 

Jio Platforms holds a large share of India’s mobile and home internet market. 

• It has 42% of the country’s wireless subscribers. 

• It carries 60% of the country’s data traffic. 

• It holds 43% of the home broadband market, with 30 million home broadband subscribers. 

Outlook 

Analysts hold a positive view on Jio Platforms after its listing. They cite expected tariff increases, home broadband growth and improving free cash flow as key factors. Uday Patil, Executive Director at PL Capital, called the listing “a milestone in the Indian capital market”. 

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