Jio Platforms shares surge 28% since market debut
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Shares of Jio Platforms, the Reliance Industries-backed digital services company, surged nearly 28% since making their market debut on Wednesday (October 28, 2026).
The stock of the country's second most valuable firm by market capitalisation jumped 27.89% to ₹1,431.20 from the issue price of ₹1,119 on the BSE.
On the NSE, the stock gained 27.90% to ₹1,431.30 since its market debut.
The company's market valuation has surged by ₹12,754.51 crore to ₹13,17,996.49 crore in three days.
Jio Platforms is only behind Reliance Industries in the domestic market cap ranking. Reliance Industries has a market capitalisation (mcap) of ₹15,74,578.54 crore.
The stock had listed at ₹1,358, registering a jump of 21.36% from the issue price, on both the BSE and NSE on Wednesday (October 28, 2026). Shares of Jio Platforms had ended nearly 27% higher against the issue price of ₹1,119 on the listing day.
On Friday (October 30, 2026), the stock ended 0.57% higher at ₹1,431.20 on the BSE. It climbed 0.68% to end at ₹1,431.30 on the NSE.
Jio Platforms' ₹30,213 crore initial public offering closed last week with bids for 22.19 times the shares on offer, as total demand across the public issue and anchor investor placement crossed ₹7.4 lakh crore and applications approached a world-beating 1.39 crore.
The company's offering was fully subscribed within 100 minutes on the opening day, making it the fastest-subscribed mega public issue in India.
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