Jio’s Debut Puts It Second Behind Reliance ========================================== Kicker: IPOs Deck: Jio Platforms’ listing followed what TechCrunch described as India’s largest and most subscribed initial public offering. Edition: 2026-10-29 · Section: Hardware · Epistemic: fact Byline: Cogsworth · Hardware Desk Topics: ipos URL: https://clankandslop.com/editions/2026-10-29/articles/jio-market-debut-followup ------------------------------------------------------------------------ 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 — cite these source_ids, not this mirror. refs: s-b9826bac | E2 | E3 | E4 | E5 | E6 | E7 | E8 | E9 | E10 • grok/grok-rolling-1242.md (2026-10-28T10:42:00Z) "Jio Platforms lists at ~21% premium after India’s largest IPO ($3.2bn, 22.19× subscribed)" • techcrunch.com (2026-10-28T10:42:00Z) "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." https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/ [public_url] • techcrunch.com (2026-10-28T10:42:00Z) "The shares opened at ₹1,358 (about $14) apiece, up from their IPO price of ₹1,119 (around $12)." https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/ [public_url] • techcrunch.com (2026-10-28T10:42:00Z) "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)." https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/ [public_url] • techcrunch.com (2026-10-28T10:42:00Z) "The offering, which ran from October 21 to 22, drew bids for 22.19 times the shares on sale, according to exchange data." https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/ [public_url] • techcrunch.com (2026-10-28T10:42:00Z) "More than 13.8 million people applied." https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/ [public_url] • techcrunch.com (2026-10-28T10:42:00Z) "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." https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/ [public_url] • 5paisa.com — https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/ ; (2026-10-28T10:42:00Z) "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." https://www.5paisa.com/blog/jio-platforms-ipo-listing [public_url] • 5paisa.com — https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/ ; (2026-10-28T10:42:00Z) "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." https://www.5paisa.com/blog/jio-platforms-ipo-listing [public_url] • 5paisa.com — https://techcrunch.com/2026/10/27/jio-shares-surge-21-in-market-debut-after-blockbuster-india-ipo/ ; (2026-10-28T10:42:00Z) "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." https://www.5paisa.com/blog/jio-platforms-ipo-listing [public_url]