Mumbai, October 28 (TNA) Jio Platforms Limited (JPL), the digital services arm of Reliance Industries, made its stock market debut on Wednesday, with its shares listing at ₹1,358 on both the National Stock Exchange and the BSE.
The opening price represented a premium of ₹239, or 21.36%, over the company’s initial public offering price of ₹1,119 per share.
Major IPO Milestone
The listing marked a significant milestone for Jio Platforms and India’s capital markets. The company’s IPO raised more than ₹30,000 crore, making it one of the country’s largest public offerings. The shares had been issued in a price band of ₹1,065 to ₹1,119, with the final issue price fixed at the upper end of the range. The strong debut reflected robust investor interest in the company’s telecom and digital-services businesses.
Listing Ceremony Held
A bell-ringing ceremony was held to mark Jio Platforms’ entry into the listed equity markets. Reliance leaders Akash Ambani, Isha Ambani and Anant Ambani highlighted the company’s growth from a telecommunications venture into a broader digital ecosystem during the ceremony.
Jio Platforms’ listing also pushed the company into the ranks of India’s most valuable listed firms, with its market capitalisation estimated at more than ₹12 lakh crore shortly after debut.
Trading Begins
The stock remained around the ₹1,357–₹1,359 range shortly after listing, maintaining gains of more than 21% over the IPO price. Market participants will now track whether the stock can sustain its opening gains as regular trading progresses. The pre-open and initial trading levels do not guarantee the final price or future performance of the shares.