Jio Platforms, the digital services arm of Reliance Industries, opened trading on the BSE and NSE at ₹1,358 per share, a 21.36% premium over its IPO issue price of ₹1,119. The stock continued to rally during the session, reaching a peak of ₹1,404.60 on the NSE and later advancing as much as 27.2% to ₹1,423.90 before settling at ₹1,417.50. The debut, held on Wednesday, October 28, saw the company achieve full subscription within 100 minutes, marking it as one of India’s fastest‑subscribed mega IPOs.

The initial public offering, priced between ₹1,065 and ₹1,119, attracted a demand of 22.19 times the shares offered, with total bids exceeding ₹7.4 lakh crore. Applications approached 1.39 crore, reflecting strong investor interest. The IPO comprised a fresh issue of 27 crore shares, and prior to the public issue, Jio Platforms raised approximately ₹8,110 crore from 212 anchor investors on October 19, allotting shares at the upper end of the price band.

Managing Director Akash Ambani addressed the listing ceremony, noting that investor response surpassed expectations. He pledged to elevate Jio Platforms to new heights of growth and excellence, emphasizing a vision of a digital society where connectivity, computing and intelligence integrate seamlessly. Ambani highlighted the company’s ambition to democratise technology and transform Indian lives over the next decade, including space‑based connectivity, and urged the next generation of Ambanis to make Jio bigger, better and more meaningful for India.

At 2:52 pm on the listing day, Jio Platforms’ market capitalisation on the NSE stood at ₹13.03 lakh crore, positioning it as India’s second‑most valuable listed company. It ranked ahead of Bharti Airtel, HDFC Bank and ICICI Bank among the country’s top five most valuable listed firms. Reliance Industries Ltd, the parent company, remained the most valuable listed firm with a market capitalisation of ₹15.94 lakh crore.

The IPO’s rapid full subscription and high demand underscored the market’s enthusiasm for Jio Platforms. With a fresh issue of 27 crore shares priced at ₹1,119, the company secured a 22.19‑fold bid ratio, while anchor investors contributed ₹8,110 crore before the public issue. The successful debut, coupled with a 27% rise in share price, set new records for a large public issue in India.