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Jio Platforms Debuts With 21% Premium to IPO Price

By Drooid · Oct 28, 2026, 10:04 UTC · How we work

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Summary

Jio Platforms listed on BSE and NSE at a 21% premium to its IPO price.
The company priced shares at Rs 1,119 per share.
Shares opened at Rs 1,358-1,359, a 21.3% premium over the issue price.
The Rs 30,188-crore public issue was subscribed 22.19 times, with demand over Rs 7.4 lakh crore.
Jio Platforms will use up to Rs 27,500 crore of proceeds to repay or prepay Reliance Jio Infocomm borrowings.

Summary

Mukesh and Anil Ambani announced Jio Platforms will pursue AI, cloud, and space-based connectivity.
Jio reported 533.3 million subscribers in June 2026, handling nearly 60 % of India’s data traffic.
FY 2026 revenue reached $15.5 billion and earnings $8 billion, showing double-digit growth.
Reliance Industries kept about 66.4 % stake while Meta holds ~10 % and Google ~7.7 %.
The IPO set a world record as the first to receive over 1 crore applications.

History

Sunil Mittal secured a Delhi mobile licence in 1992, launched Airtel services in 1995 and grew to roughly two million subscribers by 2002, when Bharti Airtel completed India’s first fully book-built IPO on the BSE and NSE. That market-changing debut set a precedent that Jio Platforms’ 2024 listing, backed by Meta and Google, now follows.

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Historical Context

Sunil Mittal secured a Delhi mobile licence in 1992, launched Airtel services in 1995 and grew to roughly two million subscribers by 2002, when Bharti Airtel completed India’s first fully book-built IPO on the BSE and NSE. That market-changing debut set a precedent that Jio Platforms’ 2024 listing, backed by Meta and Google, now follows.

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