Business & Economy
Jio listing lifts Reliance’s digital arm to ₹12.5 lakh crore
The debut increases competitive pressure on Airtel and rival platforms.
The debut increases competitive pressure on Airtel and rival platforms.
raised ₹30,213 crore in India’s largest . Investors placed bids worth more than ₹7 lakh crore through about 1.38 crore applications. Reliance Industries created to bring its telecom network and digital services into one company. The IPO priced shares at ₹1,119, valuing Jio at about ₹10.3 lakh crore. On October 28, the shares opened at ₹1,358, up 21%. That gave Jio a of roughly ₹12.5 lakh crore, making it India’s second-largest after Reliance Industries. Investors expect strong telecom income, a large user base and growth in digital services. The high valuation also depends on continued growth and effective management. The listing increases pressure on and other platforms, gives Reliance a new guide for investment decisions and may encourage more Indian technology companies to raise money publicly.
began trading on the on October 28, 2026, with shares opening at ₹1,358 against an of ₹1,119 and briefly reaching a of about ₹12.5 lakh crore. The listing provided investors with a public market benchmark for valuing Reliance’s digital and telecom businesses.
At the debut price, Jio’s market capitalisation reached roughly ₹12.5 lakh crore, placing it behind Reliance Industries. The ranking gave India’s telecom and digital-platform businesses an unusually prominent public-market valuation.
Jio shares opened at ₹1,358 on both exchanges, 21.35 percent above the ₹1,119 issue price. The listing converted intense private-market and IPO demand into an immediate public-market gain.
Jio set the final issue price at ₹1,119 per share after the record subscription response. The price established a public-market benchmark for valuing its telecom earnings, digital businesses and platform expansion prospects.
The October 21 to 23 subscription period closed with demand estimated at about ₹7.4 lakh crore and 1.38 crore applications. The issue was , setting a record for participation in an Indian IPO.
Jio Platforms launched India’s largest with a ₹30,213 crore issue. Investors were asked to value its telecom cash flows alongside digital services, platform reach and future technology growth.
Reliance Industries consolidated Jio’s connectivity operations and digital-services businesses under . The structure presented Jio as more than a telecom operator, combining network scale with apps, technology and platform expansion.