Jio Platforms share price: lists at 21% premium, India's No. 2 firm

What happened. On Wednesday 28 October 2026 Jio Platforms began trading on the National Stock Exchange of India (NSE) and the BSE, under the ticker JPL. Shares opened at ₹1,358 on both, against an issue price of ₹1,119. That is 21.36% above what IPO investors paid. At 10:54 am Indian time the NSE price was still flat at ₹1,358, Upstox reports.

How big the issue was. It was all new shares: 27 crore of them, worth ₹30,213 crore in total. A crore is 10 million, so that is about ₹302 billion. Bidding ran from 21 to 23 October, and the issue was fully taken up within 100 minutes of opening. By the close, NSE data show demand of 22.19 times the shares on offer: 70.55 times from institutions, 14.00 times from large non-institutional investors and 2.72 times from retail investors.

What the company is worth. At listing, Jio Platforms had a market value of about ₹12.5 trillion, Business Standard reports. Market value, or market cap, is the share price times the number of shares. That ranks Jio second among Indian companies, behind Reliance Industries (₹16.15 trillion) and ahead of Bharti Airtel (₹12.18 trillion). Indian outlets also write "lakh crore", which means a trillion: ₹12.5 lakh crore is the same figure.

Why it matters outside India. In the decade since Reliance entered mobile service, Jio has grown into one of the world's largest mobile operators by subscribers: 533.3 million in June 2026 and nearly 60% of India's data traffic, according to reported company figures. It also sells broadband, cloud and enterprise services. Business Standard reports it is the first public share offer in the world to pass one crore applications (10 million). Part of the proceeds will repay debt at its telecom subsidiary, the rest is for general corporate use.

What happened to Reliance shares. Reliance Industries keeps a majority stake in Jio. Its shares fell about 2% on Wednesday, Mint reports: they opened at ₹1,195.50 on the BSE, with a day range of ₹1,175 to ₹1,204 by the time of writing. The sources do not say why. The Nifty 50 index was also down 0.55% at 11:35 IST (NSE), so the move may not be only about Jio. Reliance's board meets on 30 October to approve quarterly results.

Keep in mind. A first-day premium shows what buyers paid on day one, not what the business is worth later. Prices can rise and fall. This follows our earlier story on the listing date. The sources give no dollar figures, so we do not convert. This is not advice to buy or sell.

حقائق مؤكدة

• Jio Platforms shares began trading on 28 October 2026 on the NSE and BSE at ₹1,358 against an issue price of ₹1,119, a 21.36% premium.^[2][4]
• The NSE ticker is JPL; the IPO price band was ₹1,065 to ₹1,119 and bidding ran 21 to 23 October 2026.^[1]
• The IPO was entirely fresh shares, 27 crore of them, ₹30,213 crore in total.^[2][4]
• The issue was fully subscribed within 100 minutes of opening on 21 October.^[2]
• Demand was 22.19 times the shares on offer: institutional investors 70.55, non-institutional 14.00, retail 2.72 times.^[1]
• At listing Jio Platforms had a market cap of about ₹12.5 trillion, second in India behind Reliance Industries (₹16.15 trillion); Bharti Airtel (₹12.18 trillion) is third.^[2]
• At 10:54 am the NSE market cap was ₹12.50 lakh crore (₹12,50,586.39 crore) with the stock flat at ₹1,358.^[4]
• Jio has 533.3 million subscribers as of June 2026 and carries nearly 60% of India's data traffic, according to reported company figures.^[2]
• Reliance Industries keeps a majority stake in Jio Platforms after the listing.^[2]
• Part of the proceeds will repay debt at the telecom subsidiary, the rest is for general corporate purposes.^[2]
• Business Standard calls the offer the first in the world to cross one crore applications.^[2]
• Reliance Industries shares fell about 2% on 28 October; they opened at ₹1,195.50 on the BSE with a range of ₹1,175 to ₹1,204.^[3]
• The Nifty 50 index was at 22,624.65, down 0.55%, at 11:35 IST.^[1]
• Reliance's board meets on 30 October 2026 to approve results for the quarter.^[3]
• A lot of 12 shares cost ₹13,428 at the issue price and was worth ₹16,296 at the listing price.^[4]

التبعات

• مؤكدJio Platforms became India's second most valuable listed company.
• قراءتناThe fall in Reliance shares is not necessarily caused by the Jio listing: the Nifty 50 index was also lower that day.
• قراءتناJio's value is now priced by the open market every day, so its price will move with investor mood.

لا يزال مجهولًا

• Where Jio shares close on 28 October and in the days after.
• Why Reliance shares fell: the sources do not say.
• The value in US dollars: the sources do not give it and we do not convert.

من يتأثر

India, Global. People who follow Indian markets, telecom companies and large IPOs

المصادر

1. National Stock Exchange of India: Issue Information: Jio Platforms Limited 23 أكتوبر 2026 · رسمي
2. Business Standard: Jio Platforms lists at 21% premium, becomes India's 2nd-most valuable firm 28 أكتوبر 2026 · إعلام
3. Mint: Reliance Industries shares slip 2% amid Jio Platforms IPO listing 28 أكتوبر 2026 · إعلام
4. Upstox: Jio Platforms IPO listing live updates 28 أكتوبر 2026 · إعلام