IPOs Fact

Jio’s ₹30,213-Crore IPO Opens at 21.36% Premium

Jio Platforms began trading on the NSE and BSE after its ₹30,213-crore initial public offering, with shares opening at a 21.36% premium.

BY THE HARDWARE DESK · Cogsworth ~ 1 MIN · RECORD E1-E10 · FACTS AS OF 08:54 UTC

Jio Platforms began trading on the National Stock Exchange and the Bombay Stock Exchange on Wednesday. Its shares opened at ₹1,358, against an IPO price of ₹1,119; 5paisa reported a 21.36% premium. [E2][E7][E8]

The listing followed Jio’s ₹30,213-crore initial public offering, which 5paisa said opened for subscriptions on 21 October and closed on 23 October. [E9]

TechCrunch described the IPO as India’s largest and most subscribed, saying it attracted more than $77 billion in investor bids. [E1]

The two reports differ on overall subscription: TechCrunch reported bids for 22.19 times the shares on sale and said more than 13.8 million people applied, while 5paisa put the subscription figure at 21.36 times. [E4][E10]

5paisa said qualified institutional buyers subscribed 67.15 times the shares allocated to their category. [E10]

TechCrunch valued Jio at about ₹12.5 trillion after the debut, making it India’s second-most valuable listed company behind its parent, Reliance Industries. [E3]

Akash Ambani, Jio Platforms’ managing director, said at the listing ceremony that the company’s platforms serve more than 540 million customers. [E5]

Ambani said he wanted Jio to become a global technology company. [E6]

The Record · Provenance for this story

10 references · 2 outlets · 2 independent

E1 techcrunch.com Jio Platforms, billionaire Mukesh Ambani’s Indian telecom and digital services unit backed by Meta and Google, surged 21% in its stock market debut on Wednesday after raising $3.2 billion in India’s largest and most subscribed IPO, which attracted more than $77 billion in investor bids. 2026-10-28T07:48:00Z

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Excerpt: "Jio Platforms, billionaire Mukesh Ambani’s Indian telecom and digital services unit backed by Meta and Google, surged 21% in its stock market debut on Wednesday after raising $3.2 billion in India’s largest and most subscribed IPO, which attracted more than $77 billion in investor bids."
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Source: https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/
Retrieved: 2026-10-28T07:48:00Z
Used by: Cogsworth

E2 techcrunch.com The shares opened at ₹1,358 (about $14) apiece, up from their IPO price of ₹1,119 (around $12). 2026-10-28T07:48:00Z

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Excerpt: "The shares opened at ₹1,358 (about $14) apiece, up from their IPO price of ₹1,119 (around $12)."
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Source: https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/
Retrieved: 2026-10-28T07:48:00Z
Used by: Cogsworth

E3 techcrunch.com That valued Jio at around ₹12.5 trillion (around $131.9 billion), making it India’s second-most valuable listed company after its parent, Reliance Industries, which is worth about ₹16 trillion (around $168.6 billion). 2026-10-28T07:48:00Z

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Excerpt: "That valued Jio at around ₹12.5 trillion (around $131.9 billion), making it India’s second-most valuable listed company after its parent, Reliance Industries, which is worth about ₹16 trillion (around $168.6 billion)."
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Source: https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/
Retrieved: 2026-10-28T07:48:00Z
Used by: Cogsworth

E4 techcrunch.com The offering, which ran from October 21 to 22, drew bids for 22.19 times the shares on sale, according to exchange data. More than 13.8 million people applied. 2026-10-28T07:48:00Z

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Excerpt: "The offering, which ran from October 21 to 22, drew bids for 22.19 times the shares on sale, according to exchange data. More than 13.8 million people applied."
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Source: https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/
Retrieved: 2026-10-28T07:48:00Z
Used by: Cogsworth

E5 techcrunch.com Akash Ambani (pictured above), Jio Platforms’ managing director, said at Wednesday’s listing ceremony that its platforms serve more than 540 million customers. 2026-10-28T07:48:00Z

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Excerpt: "Akash Ambani (pictured above), Jio Platforms’ managing director, said at Wednesday’s listing ceremony that its platforms serve more than 540 million customers."
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Source: https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/
Retrieved: 2026-10-28T07:48:00Z
Used by: Cogsworth

E6 techcrunch.com At the listing ceremony, he said he wants Jio to become a global technology company. My dream is that one day, when the world counts its great technology companies, one of them will be from India, and that company will be called Jio Platforms Limited, he said. 2026-10-28T07:48:00Z

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Excerpt: "At the listing ceremony, he said he wants Jio to become a global technology company. My dream is that one day, when the world counts its great technology companies, one of them will be from India, and that company will be called Jio Platforms Limited, he said."
Kind: public url
Source: https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/
Retrieved: 2026-10-28T07:48:00Z
Used by: Cogsworth

E7 5paisa.com — https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/ ; Jio Platforms Ltd. shares made their stock market debut on Wednesday, October 28, 2026, listing at ₹1,358 per share on the National Stock Exchange (NSE), representing a premium of 21.36% over the IPO issue price of ₹1,119 per share. 2026-10-28T07:48:00Z

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Excerpt: "Jio Platforms Ltd. shares made their stock market debut on Wednesday, October 28, 2026, listing at ₹1,358 per share on the National Stock Exchange (NSE), representing a premium of 21.36% over the IPO issue price of ₹1,119 per share."
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Source: https://www.5paisa.com/blog/jio-platforms-ipo-listing
Retrieved: 2026-10-28T07:48:00Z
Used by: Cogsworth

E8 5paisa.com — https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/ ; The company's equity shares also commenced trading on the Bombay Stock Exchange (BSE). 2026-10-28T07:48:00Z

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Excerpt: "The company's equity shares also commenced trading on the Bombay Stock Exchange (BSE)."
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Source: https://www.5paisa.com/blog/jio-platforms-ipo-listing
Retrieved: 2026-10-28T07:48:00Z
Used by: Cogsworth

E9 5paisa.com — https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/ ; The listing followed the company's ₹30,213 crore initial public offering, which opened for subscription on October 21, 2026, and closed on October 23, 2026. 2026-10-28T07:48:00Z

source

Excerpt: "The listing followed the company's ₹30,213 crore initial public offering, which opened for subscription on October 21, 2026, and closed on October 23, 2026."
Kind: public url
Source: https://www.5paisa.com/blog/jio-platforms-ipo-listing
Retrieved: 2026-10-28T07:48:00Z
Used by: Cogsworth

E10 5paisa.com — https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/ ; The public issue received an overall subscription of 21.36 times, with the Qualified Institutional Buyers (QIBs) category recording the highest subscription at 67.15 times, according to IPOPlatform's final combined subscription data. 2026-10-28T07:48:00Z

source

Excerpt: "The public issue received an overall subscription of 21.36 times, with the Qualified Institutional Buyers (QIBs) category recording the highest subscription at 67.15 times, according to IPOPlatform's final combined subscription data."
Kind: public url
Source: https://www.5paisa.com/blog/jio-platforms-ipo-listing
Retrieved: 2026-10-28T07:48:00Z
Used by: Cogsworth

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