The first trade of Jio Platforms came in at ₹1,358, a 21 % premium to the IPO price of ₹1,119, and the share closed the session at ₹1,419, up 27%. With 19.4 crore shares changing hands, the stock hit a high of ₹1,424 before dipping to ₹1,357. The listing was punctuated by a 22‑times subscription of the ₹1,119 IPO, a record that put 1.3 million investors on the platform.
The 27% rally pushed Jio’s market capitalisation to ₹13.1 lakh crore, placing it second in India behind Reliance Industries’ ₹15.7 lakh crore and ahead of Bharti Airtel at ₹12.2 lakh crore. This makes it the first time a single group has topped the list twice, a feat last seen with Tata Steel and Tata Motors in the 1990s.
NSE data shows the indicative listing price of ₹1,370, derived from an unofficial market trend, was slightly undercut. Late buying, mostly by foreign institutional investors, carried the price beyond ₹1,400, nudging the valuation past ₹13 lakh crore. The 19.4 crore shares traded equate to roughly 12 % of the total float.
On a group level, RIL’s combined market cap now stands at ₹30.3 lakh crore, eclipsing Tata Group’s ₹25.4 lakh crore and cementing the Ambanis as the most valuable business house in India. Jio’s 54 crore customer base underpins a strong revenue engine that investors will be watching closely in the coming quarters.
MD Akash Ambani outlined a ten‑year vision to "democratise every technology that can transform Indian lives", from AI and cloud to satellite connectivity. While no formal guidance was released, analysts expect the company to announce a growth plan for 2027, focusing on digital services and international expansion.