The ticker closed at a 27% premium on its first day of trading, securing a market capitalization of ₹13 lakh crore.
This isn't just a pop. It’s the validation of a ₹30,213 crore raise that saw 22.19x subscription. Institutional investors drove the frenzy, booking over 70 times their allotment quota, while retail bids alone crossed ₹25,000 crore.
The demand figures dwarf the previous record holder, LG Electronics India, which attracted ₹4.4 lakh crore in bids. Jio pulled in nearly double that, with anchor investors committing ₹2.5 lakh crore and public investors adding another ₹4.9 lakh crore.
On the charts, the stock is now the second most valuable in India, trailing only its parent, Reliance Industries.
Traders are watching the post-listing volatility closely, but the initial price discovery suggests strong conviction in the telecom and digital services vertical. The next catalyst will be the first quarterly filing, where execution on capex and churn rates will be scrutinized by sell-side houses.