Business & Finance
Jio makes strong debut at 21% premium to become India's second-most valuable firm
TL;DR
- Jio Platforms made its stock market debut at Rs 1,358 per share, a 21% premium
- The IPO was oversubscribed 22.19 times, drawing bids worth over Rs 7.4 lakh crore
- Jio's market capitalisation surged to around Rs 12.5 lakh crore after listing
- The strong debut made Jio India's second-most valuable company
Why It Matters
Jio's blockbuster listing underscores the scale of investor appetite for India's telecom and digital economy, reflecting broader confidence in Indian markets that resonates with Indian-American investors and diaspora stakeholders tracking the growth of major Indian conglomerates.
Oct 27, 2026 · Updated 10/29/2026, 2:31:46 AM · Reported with: Hindustan Times Business, Times of India, The Indian Express Business
Sources (3)
NRI Bytes writes its own articles from the reporting below.
Hindustan Times Business — Jio becomes India’s second most valuable company as shares soar on market debutTimes of India — Jio makes strong debut at 21% premium to become India's second-most valuable firmThe Indian Express Business — Jio Platforms Share Price Highlights: Jio lists at 21% premium, is India’s second most valuable companyUp next · Business & Finance
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