Jio Platforms IPO listing: Know how Reliance Industries turned ₹1,000 investment in 1977 into ₹53 lakh in 2026

Jio Platforms IPO listing is scheduled to take place on Wednesday, October 28, 2026. The public issue of the telecom giant received overwhelming response from investors with an overall subscription of 22.19 times.

Jio Platforms IPO subscription in nutshell

• Public issue of telecom giant was fully subscribed within 100 minutes of launch on Day 1, making it one of the fastest subscribed issues in India.
• Jio Platforms IPO with issue size of ₹30,188 crore saw total investors demand worth ₹7.4 lakh crore including both the public issue bids worth ₹4.9 lakh crore and the anchor investor placement of ₹2.5 lakh crore.
• Jio IPO received total bids for 438.26 crore shares compared to 19.75 crore shares on offer.
• Jio IPO is one of the few public issues globally to receive over 1 crore applications. Previously, Waaree Energies IPO reported about 97 lakh applications.
• The retail category saw around 1.02 crore applications, while NII and QIB category saw another 9.66 lakh and 3,143 applicants.

This is not the first time that a Reliance Group company has seen record IPO participation from investors. Back in November 1977, when stock market investment was far less common, the IPO of Reliance Textile Industries created history with oversubscription of seven times. The company raised around ₹2.82 crore from the public at ₹10 apiece through 28.2 lakh shares.

On listing day, Reliance Textile Industries shares listed at around ₹17 to ₹18 per share, a premium of ₹7 to ₹8 per share, creating a listing-day gain of 70% to 80% for investors.

Later, Reliance Textile Industries was renamed Reliance Industries Limited. Over the next five decades, the company expanded beyond textiles into oil refining, petrochemicals, retail and telecom.

₹1,000 investment turns into ₹53 lakh in 2026

Along with the business expansion, the company also created wealth for its shareholders. An investment of ₹1,000 (100 shares) in Reliance’s IPO in 1977 would have grown into nearly ₹53 lakh over the years.

The company has announced six bonus issues since listing, with the latest 1:1 bonus announcement coming in August 2024. Owing to these bonus issues, these 100 shares would have turned into 4,096 shares valued at around ₹48.74 lakh as of Friday, October 23, 2026.

But wait, there is more: in 2023, Reliance Industries demerged Jio Financial Services and listed it separately on stock exchanges. The company gave one share of Jio Financial Services for every one share held in Reliance Industries.

Hence in 2023, investors with 2,048 shares (before the 1:1 bonus issue in 2024) would have received 2,048 shares of Jio Financial Services, which are worth ₹4.19 lakh as of Friday, October 23. Hence, the total value of 100 shares (₹1,000 investment) has grown into ₹52.93 lakh at a CAGR of 19.56% in 48 years, 11 months. Besides this, Reliance Industries has announced dividends on a yearly basis, which are worth thousands of rupees.

Reliance’s wealth creation journey hasn’t been all smooth

For many market enthusiasts, this wealth-creation journey may look fascinating, but these investment returns have come with their share of turbulence.

The oil-to-telecom conglomerate saw a major family split in 2006, in which Mukesh Ambani retained Reliance Industries and its main oil, gas and petrochemical businesses. Meanwhile, Anil Ambani took control of power, telecom, financial and other new age businesses.

In 2008, Reliance Industries shares declined over 57% in a single calendar year as the Global Financial Crisis of 2008-2009 triggered a massive global equity market sell-off and foreign institutional investor (FII) outflows from India.

Between 2010 and 2016, Reliance Industries stock remained range-bound, giving a flat-to-negative return as investors turned away from the stock because of its traditional capital-intensive businesses.

The stock eventually bounced back after 2016 when the company formally entered the telecom business and with the launch of Jio in September 2016. In 2017, Reliance shares rallied over 70%, and the stock has grown at a CAGR of 17% in the last 10 years.

In 2026, the stock is again facing turbulent times as Reliance shares are down nearly 24% so far this year and hit a 52-week low of ₹1,152.2 apiece on October 13, 2026, despite the Jio Platforms IPO announcement. The company’s core energy business is facing margin pressure amid a surge in global crude oil prices, while the reintroduction of windfall tax has impacted the profitability of the company’s exports.

Reliance’s wealth-creation journey has been a roller-coaster ride rather than a straight line, highlighting how long-term investing can reward patient shareholders.