Business
Rs 30,213-Crore Jio Platforms IPO Listing Ceremony Begins In Historic Day For Dalal Street
By: News18 Business
Published: 28 October 2026
Photo / Illustration: Haldwani Times News Desk
<p>Dalal Street witnessed a landmark moment on Wednesday as the listing ceremony of Jio Platforms Ltd began, marking a major milestone for India’s capital markets following the company’s record-breaking Rs 30,213-crore initial public offering (IPO).</p>
<p>The much-anticipated market debut follows overwhelming investor demand for the digital and telecommunications giant, which is backed by Reliance Industries Ltd (RIL), led by billionaire Mukesh Ambani.</p>
<p>The IPO attracted bids worth approximately Rs 7.3 lakh crore, making it one of the most closely watched public offerings in India’s stock market history. The issue was subscribed 22.19 times, reflecting strong investor interest ahead of the listing on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).</p>
<p>The listing ceremony marks a significant step in Jio Platforms’ evolution from a major private-sector digital business into a publicly traded company, giving investors an opportunity to participate directly in its growth story.</p>
<p>Jio Platforms raised Rs 30,213 crore through its initial public offering, making it a historic milestone for India's capital markets. Based on the final issue price of Rs 1,119 per share, the company's estimated market capitalization stood at approximately Rs 10.3 lakh crore.</p>
<p>The overall issue was subscribed 22.19 times, drawing overwhelming demand with bids exceeding Rs 7.3 lakh crore. Qualified Institutional Buyers led the subscription at 70.55 times, followed by Non-Institutional Investors at 14 times, and Retail Investors at 2.72 times.</p>
<p>The listing ceremony for Jio Platforms Ltd took place on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Wednesday. The digital and telecommunications giant is backed by Reliance Industries Ltd, led by Mukesh Ambani.</p>
