Jio Platforms Share Price Live Updates: Jio lists at 21% premium, is India’s second most valuable company

Jio IPO Listing Live News Updates: Jio Platforms has become the second most valuable Indian company by market valuation following a stellar debut on Wednesday

Jio Platforms today made a blockbuster debut at the stock exchanges with a premium of over 21 per cent and went on to become India’s second most valuable firm by market capitalisation. The stock started trading at Rs 1,358, clocking a jump of 21.36 per cent from the issue price of Rs 1,119 on both the BSE and NSE.

Record response to IPO: Earlier, its Rs 30,213-crore IPO drew Rs 7.3 lakh crore in bids, the biggest-ever investor response to a public issue in the country. Subscribed 22.19 times, it signalled a massive appetite for shares of the Mukesh Ambani-led telecom-to-digital conglomerate. The frenzy was led by institutional investors, with qualified institutional buyers (QIBs) bidding for 70.55 times their allotted quota on the closing day of the IPO, according to stock exchange data.

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Huge interest despite dampened market: The Jio IPO drew unprecedented institutional interest, with demand for its Rs 8d bidding,110-crore anchor book exceeding 30 times the amount on offer and aggregate institutional demand touching nearly Rs 2.5 lakh crore. The Jio IPO mobilised the funds at a time when the stock markets were reeling under a host of problems, including high crude oil prices, rising inflation, bond yields and high interest rates.

Live Updates
Oct 28, 2026 11:22 AM IST
What analysts expect

Originally started as a telecom business, Jio has since transitioned towards becoming a digital ecosystem with an aim to also offer AI services.

“It is India’s largest digital connectivity platform by subscriber base, carrying a majority of the country’s wireless data traffic, with a nationwide 5G network built on proprietary technology and a growing fixed wireless broadband business under JioAirFiber. Digital services span cloud, enterprise solutions and artificial intelligence,” said analysts from Motilal Oswal.

Analysts cite factors like Jio’s steady growth in average revenue per user (ARPU), earnings, entry into AI services, and a strong cash flow as key strengths for the company. For context, Jio’s ARPU – among the most important metrics in the telecom sector – grew to Rs 214 in FY26 and Rs 215.6 in the April-June quarter (Q1) of FY27, from Rs 181.7 in FY24.

While it lags behind Bharti Airtel’s ARPU of Rs 264 in Q1 of FY27, it has a larger subscriber base and a more diversified business, according to analysts.

“Jio’s higher market cap comes from the potential it offers in terms of AI services. Meta holds a 10% stake, while Google holds an around 8% stake in the company. They have also signed key partnerships with Jio, which can potentially lead to the company offering attractive AI services in the future through these collaborations,” an analyst at a leading domestic brokerage said.

~~~ Akash Mandal reports

Oct 28, 2026 11:21 AM IST
‘My heart overflows with gratitude’: Akash Ambani

“My heart overflows with gratitude. Gratitude to every individual, every institutional investor in India and abroad, who made our IPO a blockbuster success,” Akash Ambani said at the listing ceremony, reaffirming the aim to take the company to greater heights, with the IPO being just a “starting line”. He also stated how the public response to the IPO surpassed his expectations.

Oct 28, 2026 10:26 AM IST
Jio becomes India's 2nd most valuable firm

Today, the shares of Jio Platforms listed on the stock exchanges with a premium of over 21 per cent against the issue price of Rs 1,119, becoming India's second most valuable company by market capitalisation. The stock started trading at Rs 1,358, clocking a jump of 21.36 per cent from the issue price on both the BSE and NSE.

Oct 28, 2026 10:23 AM IST
Response to Jio Platforms IPO surpassed our imagination: Ambani

Akash Ambani said the overwhelming response to Jio Platforms IPO surpassed their imagination, and vowed to make Jio bigger, better and more meaningful for India, news agency PTI reported.

Oct 28, 2026 10:20 AM IST
Jio aims to democratise every tech that can transform Indian lives: Ambani

"Jio aims to democratise every technology that can transform Indian lives, including connectivity from space," said Akash Ambani.

Oct 28, 2026 10:19 AM IST
Promise to take Jio to greater heights: Akash Ambani

At the company's listing, Managing Director Akash Ambani promised to take Jio to greater heights of growth, excellence.

Oct 28, 2026 10:16 AM IST
Jio Platforms lists at Rs 1,359, shares soar over 21%

Jio Platforms today made a remarkable debut on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) with its shares trading at Rs 1,360, up by 21 per cent, at the opening.

Oct 28, 2026 09:28 AM IST
About Jio's earlier fundraisings

Jio had earlier attracted billions of dollars in investments from global technology majors like Meta Platform, Google and Intel in 2020. The fundraising exercise brought in strategic investors who valued the business at levels that placed it among India’s most valuable unlisted companies. Meta invested $5.7 billion to acquire its 9.98 per cent stake in Jio in 2020.

Oct 28, 2026 09:27 AM IST
Why Jio IPO has garnered immense attention

The IPO of Jio Platforms has been one of the most closely watched developments in India’s capital markets, largely because of the company’s dominant position in telecommunications and its rapidly expanding digital ecosystem. Since its launch in 2016, Jio transformed the Indian telecom sector through aggressive pricing, widespread 4G and 5G adoption and large-scale investments in network infrastructure.

Jio has over 524 million subscribers across India. Jio’s network leadership in 5G continued to attract subscribers with a total 5G subscriber base reaching 268 million as of March 2026. Customer engagement also remains robust with 5G now accounting for 55% of total wireless traffic, the company said.

Oct 28, 2026 09:22 AM IST
Sensex down by 700 points, Nifty dips over 180 points

As the share markets opened today, Sensex fell by 700 points while Nifty shed 180 points. Infosys, TCS, Tech Mahindra and HCL Technologies among the top losers.

Among the top gainers were Larsen & Toubro, Tata Capital, Ambuja Cements, and Bajaj Auto.

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