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Jio Platforms, the digital and telecommunications arm of Reliance Industries, made its long-awaited market debut on the bourses on Wednesday, October 28, 2026.
It was during Reliance’s 2019 annual general meeting (AGM) that Mukesh Ambani said Jio would move towards a listing within five years, with the plans being delayed again in 2025.
Image: RIL website
On June 19, 2026, Jio Platforms would go on to file its draft red herring prospectus (DRHP) with the market watchdog, SEBI. It would later, on October 14, file its red herring prospectus (RHP).
The company, with an issue size of ₹30,213 crore (or $3.2 billion), became the largest equity offering in India's history, beating Hyundai Motor India, which had raised ₹27,870 crore.
The company fixed a price band of ₹1,065 to ₹1,119 per share. Its subscription opened on Wednesday, October 21, and closed on Friday, October 23.
The shares were allotted on Monday, October 26, and on October 27, the shares were credited to allottees' Demat accounts alongside the processing of refunds for non-allottees.
Day 1
The issue was fully subscribed within the first 100 minutes of opening on October 21, 2026, and by the end of the day, it received 3.16 times the number of subscriptions.
Day 2
The initial public offering of Jio Platforms Ltd received 5.57 times subscription on the second day of bidding on Thursday, October 22.
Day 3
On the final day of bidding, on Friday, October 23, it was subscribed 22.19 times.
On October 23, 2026, the mega IPO became the first public offer in the world to cross one crore (or 10 million) applications.
On Wednesday, October 28, Jio Platforms shares made a stellar debut on the bourses, listing at ₹1,358 per unit on the NSE and the BSE, reflecting a 21.36% premium over the IPO issue price.
As it debuted on the stock exchanges on Wednesday, its market capitalisation stood at around ₹13 lakh crore, making it India's second-most valuable company.
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