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Jio Platforms Lists at 21% Premium, Becomes India's 2nd-Most Valuable Firm
Sentiment: NeutralHigh Priority
What Happened?
Jio Platforms debuted on the stock exchanges today at ₹1,358, a 21.36% premium over its issue price of ₹1,119. The company now has a market capitalization of ₹12.5 trillion.
Key points
- Jio Platforms shares listed at ₹1,358 on BSE and NSE.
- The company achieved a market capitalization of ₹12.5 trillion.
- Reliance Industries remains the most valuable firm with ₹16.15 trillion.
- Jio Platforms' IPO was fully subscribed within 100 minutes.
- Qualified institutional buyers subscribed 70.55 times their portion.
- Jio Platforms has 533.3 million subscribers as of June 2026.
Key insights
- Jio Platforms' listing could increase competition in the telecom sector.
- The strong IPO demand may signal robust institutional interest in tech companies.
- Reliance's majority stake ensures continued influence over Jio's strategic direction.
Why it matters
The successful listing reflects strong investor confidence in Jio Platforms and its role in India's digital economy.
Tags
Entities
Jio Platforms· CompanyMukesh Ambani· PersonReliance Industries Limited· CompanyBharti Airtel· CompanyIndia· Country
Source
Business Standard
