Jio Platforms traded at ₹1,358 on its first day, a 21.35% jump over the ₹1,119 issue price, striking a high of ₹1,375 before settling between ₹1,356.40 and ₹1,375.
The 27‑million‑share offer closed within 95 minutes of launch, making it the fastest‑subscribed mega‑issue in Indian history. Investors poured ₹7.4 lakh crore into the public and anchor placements, giving the IPO a 22.19‑times subscription rate.
At ₹12.50 lakh crore, Jio Platforms tops the Indian market‑cap list after Reliance Industries and sits above Bharti Airtel, HDFC Bank, and ICICI Bank. The combined valuation of Jio and its parent now stands at ₹28.40 lakh crore.
Bids from qualified institutional buyers were 70.55‑times the shares reserved for that category, while the anchor book of ₹8,110 crore attracted institutional demand exceeding ₹2.5 lakh crore. The grey‑market premium hovered at 22% before the listing, implying an opening price of roughly ₹1,364.
Akash Ambani told investors at the ceremony that the response “surpassed our imagination,” and pledged to use the capital to expand digital infrastructure and drive long‑term value. The company’s next quarter will see the deployment of new 5G towers and the launch of a satellite‑backed broadband service. Investors will watch the Q2 earnings for first‑hand evidence of revenue traction from these initiatives.