Jio Platforms Shares List at 21.36% Premium, Market Valuation Crosses ₹12.50 Lakh Crore

Jio Platforms, the digital services company backed by Reliance Industries, made a strong debut on the stock exchanges on Wednesday, with its shares listing at a premium of more than 21 per cent over the issue price of ₹1,119. The strong opening made the company India’s second-most valuable firm by market capitalisation.
 

Shares of Jio Platforms opened at ₹1,358 on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), registering a gain of 21.36 per cent over the issue price.
 

During the initial trading session, the company’s market valuation stood at ₹12,50,586.39 crore. Subsequently, the shares were trading at ₹1,357.45 on the BSE and ₹1,358.10 on the NSE.
 

Jio Platforms IPO Attracts Strong Investor Demand
 

The ₹30,213-crore initial public offering (IPO) of Jio Platforms closed with subscriptions reaching 22.19 times the number of shares offered. Total demand across the public issue and anchor investor placements exceeded ₹7.4 lakh crore, while the number of applications approached a record 1.39 crore.
 

The IPO comprised a fresh issue of 27 crore shares, with the price band fixed at ₹1,065 to ₹1,119 per share. The final issue price was set at the upper end of the band.
 

Before the public issue, Jio Platforms raised approximately ₹8,110 crore through an allocation of shares to 212 anchor investors on October 19. The shares were allotted at ₹1,119 apiece, the upper end of the price band.
 

IPO Fully Subscribed Within 100 Minutes
 

Jio Platforms launched its IPO on October 21, and the offer closed on October 23. On the opening day, the issue was fully subscribed within 100 minutes, making it one of India’s fastest-subscribed mega public offerings.
 

Reliance Industries holds a 66.4 per cent stake in Jio Platforms. Reliance Industries remains India’s most valuable company, with a market valuation of around ₹16 lakh crore.
 

The strong listing of Jio Platforms marked a significant milestone for the Reliance-backed digital services business, supported by the substantial investor demand recorded during its public offering.