Jio Platforms NSE Listing: Stock Rises Over 5% as Market Cap Nears ₹13.5 Lakh Crore
Jio Platforms shares continued to rise on Thursday. The stock opened higher and traded at Rs 1,489.70 on the NSE, up more than 5% during the session. The stock hit a peak of over 33% above its issue price of Rs 1,119. On Wednesday, it opened at Rs 1,358 and closed at Rs 1,417.35, up 26.66% from the issue price, and hit a session high of Rs 1,423.80.
Jio Platforms NSE Listing | Shares Closed at Rs 1,417.50
On the NSE, the shares closed at Rs 1,417.50, up 26.67% from the issue price. The stock hit an intraday high of Rs 1,423.90 and rose from the previous day, moving from Rs 12,50,586.39 crore to Rs 13,49,859.74 crore as of October 29. Abhinav Tiwari of Bonanza commented that Jio is not a short-term investment but has significant long-term potential.
Rising demand from institutional investors has boosted the company’s cash flow and profitability. According to Tiwari, Jio was trading at 14 to 15 times FY26 EV/EBITDA. He further said that, based on past earnings, the valuation is much lower than the industry leaders. However, Tiwari said there is still scope for growth.
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Tiwari said a preference for expensive plans and service bundling will boost ARPU. He mentioned that Jio’s capital expenditure decreased to 23 per cent of revenue in FY26 from 49 per cent in FY24. He said the only way to improve free cash flow is to spend less while earning more.
Other factors include customers' preference for higher-priced plans, lower interest costs from debt repayment, and licensing of Jio’s 5G and UBR technology. Aishwarya Dadheech of Fident Asset Management said the IPO price is a good entry point, but the listing price reflects greater optimism.
Jio Platforms Market Capitalisation
Jio Platforms NSE listing: This major achievement comes after company's stupendous public listing on 28th October. Previously, it valued at Rs 10.3 lakh crore at its IPO issue price. But later the stock climbed in first two days of trading and hit near Rs 1,490 per share. Achieving major rankings, Jio came second to RIL, its parent company. It even went ahead of Bharti Airtel, and is ranked fifth in the world ahead of Deutsche Telekom of Germany.
Mukesh Ambani Jio Platforms Listing
Jio Platforms NSE listing: While Mukesh Ambani remained the executive Chairman of Reliance Industries Ltd, he still kept himself out of the listing ceremony. In his absence, his son, Akash Ambani, made his first appearance alongside his sister, Isha Ambani, and brother, Anant Ambani. Mukesh Ambani became emotional and felt proud as he watched his children ring the ceremonial listing bell at NSE.
Jio Platforms 3,138th Company on NSE
Jio Platforms NSE listing: Jio Platforms was listed as the 3,138th firm on the NSE (National Stock Exchange), marking a public-market milestone with its debut on October 28, Wednesday. It is now the twelfth company from the RIL group to list on the exchange. This achievement marks the journey that started fifty years ago. In 1977, Dhirubhai Ambani took control of Reliance Public at a Rs 10 crore valuation. Today, its digital section is at the position of Rs 13.53 lakh crore market heavyweight.
Reliance Industries and Jio Platforms Listing
| Parameter | Reliance Industries Limited (RIL) | Jio Platforms Limited (JPL) |
| Entity Role | Parent Conglomerate | Digital Services & Telecom Arm |
| Listing Status | Listed | Listed |
| Stock Exchanges | BSE, NSE | BSE, NSE |
| Primary Business Focus | Energy, Petrochemicals, Retail, Digital & New Energy | Digital Services, 4G/5G Telecom (RJIL), Cloud, Enterprise AI |
| Ownership / Stake | Holding Company / Promoter Parent | Subsidiary of Reliance Industries Limited |
What is Jio IPO?
The Jio IPO was a big IPO event organised by Jio Platforms Ltd, the digital and telecommunication wing of RIL (Reliance Industries Limited). It made a historic moment with raising Rs 30,213 crore, and emerged to be the biggest public offering in the corporate history of India. Have a look at its key details below:
| Issue Dates | October 21 – October 23, 2026 |
| Price Band | ₹1,065 to ₹1,119 per share |
| Lot Size | 12 shares (minimum investment of ₹13,428) |
| Issue Size | ₹30,213 crore |
| Listing Date | October 28, 2026, on the BSE and NSE |
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