IPOs Fact

Jio’s Debut Puts It Second Behind Reliance

Jio Platforms’ listing followed what TechCrunch described as India’s largest and most subscribed initial public offering.

BY THE HARDWARE DESK · Cogsworth ~ 1 MIN · RECORD E1-E10 · FACTS AS OF 12:43 UTC

Jio Platforms made its market debut after raising $3.2 billion in what TechCrunch described as India’s largest and most subscribed IPO, which it said attracted more than $77 billion in investor bids. This follows the paper’s 28 October coverage of the offering. [E1][E2]

Shares opened at ₹1,358, against an IPO price of ₹1,119. TechCrunch described the debut as a 21% gain, while 5paisa put the premium at 21.36%, a difference in the reports’ stated percentage. [E1][E3][E8]

TechCrunch valued Jio at about ₹12.5 trillion after the debut, making it India’s second-most valuable listed company behind Reliance Industries, which it put at about ₹16 trillion. [E4]

TechCrunch said the offer ran from 21 to 22 October. [E5]

More than 13.8 million people applied for shares, TechCrunch reported. [E6]

Jio made ₹300.5 billion in profit on revenue of ₹1.47 trillion in the fiscal year ended March 2026, with both figures up about 15% from a year earlier, TechCrunch reported. [E7]

5paisa said the offering opened on 21 October and closed on 23 October, differing from TechCrunch’s stated closing date. [E9]

The reports also differ on overall subscription: TechCrunch cited bids for 22.19 times the shares on sale, while 5paisa put it at 21.36 times and said qualified institutional buyers subscribed 67.15 times their allocation. [E5][E10]

The Record · Provenance for this story

10 references · 2 outlets · 2 independent

E1 grok/grok-rolling-1242.md Jio Platforms lists at ~21% premium after India’s largest IPO ($3.2bn, 22.19× subscribed) 2026-10-28T10:42:00Z

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Excerpt: "Jio Platforms lists at ~21% premium after India’s largest IPO ($3.2bn, 22.19× subscribed)"
Kind: provided research
Source: s-b9826bac
Retrieved: 2026-10-28T10:42:00Z
Used by: Cogsworth

E2 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. 2026-10-28T10:42:00Z

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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: 2026-10-28T10:42:00Z
Used by: Cogsworth

E3 techcrunch.com The shares opened at ₹1,358 (about $14) apiece, up from their IPO price of ₹1,119 (around $12). 2026-10-28T10:42:00Z

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Excerpt: "The shares opened at ₹1,358 (about $14) apiece, up from their IPO price of ₹1,119 (around $12)."
Kind: public url
Source: https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/
Retrieved: 2026-10-28T10:42:00Z
Used by: Cogsworth

E4 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). 2026-10-28T10:42:00Z

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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)."
Kind: public url
Source: https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/
Retrieved: 2026-10-28T10:42:00Z
Used by: Cogsworth

E5 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. 2026-10-28T10:42:00Z

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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."
Kind: public url
Source: https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/
Retrieved: 2026-10-28T10:42:00Z
Used by: Cogsworth

E6 techcrunch.com More than 13.8 million people applied. 2026-10-28T10:42:00Z

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Excerpt: "More than 13.8 million people applied."
Kind: public url
Source: https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/
Retrieved: 2026-10-28T10:42:00Z
Used by: Cogsworth

E7 techcrunch.com Jio made ₹300.5 billion (about $3.2 billion) in profit on revenue of ₹1.47 trillion (around $15.5 billion) in the fiscal year ended March 2026, with both figures up about 15% from a year earlier. 2026-10-28T10:42:00Z

source

Excerpt: "Jio made ₹300.5 billion (about $3.2 billion) in profit on revenue of ₹1.47 trillion (around $15.5 billion) in the fiscal year ended March 2026, with both figures up about 15% from a year earlier."
Kind: public url
Source: https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/
Retrieved: 2026-10-28T10:42:00Z
Used by: Cogsworth

E8 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. 2026-10-28T10:42:00Z

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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."
Kind: public url
Source: https://www.5paisa.com/blog/jio-platforms-ipo-listing
Retrieved: 2026-10-28T10:42:00Z
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. 2026-10-28T10:42:00Z

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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: 2026-10-28T10:42:00Z
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. 2026-10-28T10:42:00Z

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: 2026-10-28T10:42:00Z
Used by: Cogsworth

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