IPO listing record! Jio Platforms becomes India's largest telecom firm even before stock trading after ₹1358 settled
Mint 51 min ago·28 Oct 2026, 5:13 am
Jio Platforms shares officially began trading on Indian stock exchanges, debuting at ₹1,358. This price represents a significant premium of over 21% compared to the company's initial issue price. The strong opening value has already established the company as a major player in the market.
The stock's debut is a historic moment, valuing Jio Platforms at approximately ₹12.5 lakh crore. This valuation has propelled the company past Reliance Industries to become India's second-most-valued firm, trailing only Tata Consultancy Services. The listing marks a major milestone for the telecom giant and the broader Indian market.
For investors, the stock's strong start highlights the immense investor confidence in Jio's digital ecosystem. Going forward, the key focus will be on the company's ability to sustain this momentum and deliver on its long-term growth strategy. Market participants will also be watching the stock's performance in the coming days to gauge sustained investor interest.
Excerpt from Mint
Jio Platforms shares debuted at ₹ 1,358, a 21.36% premium to the issue price, valuing the company at ₹ 12.5 lakh crore and making it India’s second-most-valued company. Kicking off its trading on a strong note, shares of Jio Platforms listed at 1,358 on both BSE and NSE Ltd on Wednesday, October 28, a premium of 21.36…Read the original at Mint
Affected stocks
Bullish1 stockBull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Jio Platforms (JPL).
- Category: IPO.
- AI reads the tone as positive (potentially bullish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development for Jio Platforms and could move the stock. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
