Jio Platforms Ltd’s ₹30,213 crore initial public offering closed 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 fresh issue comprised 27 crore shares priced at ₹1,065 to ₹1,119 per share. On October 21, 2026, the opening day of the IPO, the offering was fully subscribed within 100 minutes, making it the fastest‑subscribed mega public issue in India.

On Wednesday, October 28, 2026, Jio Platforms began trading at ₹1,358, up 21.36% from the issue price of ₹1,119 on both the BSE and NSE. The early deals on the BSE valued the company at ₹12,50,586.39 crore, placing it second only to Reliance Industries, which commands a market valuation of ₹15,89,937.97 crore. The combined market valuation of Jio Platforms and Reliance Industries is ₹28.40 lakh crore. The top five in market capitalisation ranking are Reliance Industries, Jio Platforms, Bharti Airtel, HDFC Bank and ICICI Bank with valuations of ₹15.89 lakh crore, ₹12.50 lakh crore, ₹12.05 lakh crore, ₹10.42 lakh crore and ₹9.80 lakh crore respectively.

Tata Consultancy Services, which had previously been among India’s five most valuable listed companies, slipped out of the top five following Jio Platforms’ market debut. The early morning deals on October 28, 2026, confirmed the new ranking, with Jio Platforms positioned second behind Reliance Industries. The shift underscores the rapid ascent of the digital services sector and the impact of the mega IPO on the domestic market‑cap landscape.

At the listing ceremony, Jio Platforms’ Managing Director Akash Ambani said investors’ response to the company’s IPO exceeded expectations and vowed to take the company to greater heights along with siblings Isha and Anant. He promised to democratise technology, aiming to transform Indian lives over the next ten years, including connectivity from space. Ambani highlighted that the next generation of Ambanis must preserve what they have inherited while making Jio bigger, better and more meaningful for India.

The IPO was a fresh issue of 27 crore shares priced between ₹1,065 and ₹1,119 per share, with total demand across the public issue and anchor investor placement exceeding ₹7.4 lakh crore. Applications approached 1.39 crore, a world‑beating figure. The listing marked a historic moment for India’s capital markets, positioning Jio Platforms as the second most valuable company by market valuation and reshaping the top‑five ranking. The combined valuation of Jio Platforms and Reliance Industries now stands at ₹28.40 lakh crore.