Jio Platforms has become the second most valuable company in India following its initial public offering (IPO), which raised ₹30,213 crore. The IPO was highly successful, with bids received for 22.19 times the shares on offer, and total demand crossing ₹7.4 lakh crore. This historic event reshaped the rankings of India's top companies by market capitalization.
- Jio Platforms raised ₹30,213 crore through its IPO.
- The IPO was oversubscribed by 22.19 times.
- Jio Platforms is now the second largest company by market cap in India.
- The top five companies by market cap include Reliance Industries, Jio Platforms, Bharti Airtel, HDFC Bank, and ICICI Bank.
- Jio Platforms aims to democratize technology and expand connectivity in India.
What was the scale and pricing of Jio Platforms' IPO?
The IPO consisted entirely of a fresh issue of 27 crore shares. The price range was set between ₹1,065 and ₹1,119 per share. On the opening day, October 21, 2026, the IPO was fully subscribed within 100 minutes, marking it as the fastest-subscribed mega public issue in India.
How did Jio Platforms perform on its stock market debut?
Jio Platforms began trading on October 28, 2026, at ₹1,358 per share, which was a 21.36% increase from the issue price of ₹1,119. This strong debut pushed the company's market valuation to ₹12,50,586.39 crore on the Bombay Stock Exchange (BSE), making it the second most valuable Indian company after Reliance Industries.
What are the current top five companies by market capitalization in India?
The revised top five companies by market capitalization are:
- Reliance Industries – ₹15.89 lakh crore
- Jio Platforms – ₹12.50 lakh crore
- Bharti Airtel – ₹12.05 lakh crore
- HDFC Bank – ₹10.42 lakh crore
- ICICI Bank – ₹9.80 lakh crore
The combined market valuation of Reliance Industries and Jio Platforms stands at ₹28.40 lakh crore.
What are Jio Platforms' future goals according to its leadership?
At the IPO listing ceremony, Managing Director Akash Ambani expressed that the investor response exceeded expectations. He emphasized the company’s mission to democratize technology and transform Indian lives over the next decade. This includes expanding connectivity through innovative technologies, such as satellite-based internet.
Akash Ambani stated, "We promise to take Jio to greater heights of growth and excellence." He highlighted the ambition to create a digital society where connectivity, computing, and intelligence work seamlessly together. The next generation of the Ambani family aims not only to preserve the company's legacy but also to expand its impact for India.
Frequently Asked Questions
Q: How much money did Jio Platforms raise through its IPO?
A: Jio Platforms raised ₹30,213 crore through its initial public offering.
Q: How quickly was the IPO subscribed?
A: The IPO was fully subscribed within 100 minutes on its opening day.
Q: What is Jio Platforms' market valuation after the IPO?
A: After the IPO, Jio Platforms' market valuation reached ₹12.5 lakh crore.
Q: Which company holds the top position in India's market capitalization rankings?
A: Reliance Industries remains the largest company by market capitalization in India.
Q: What are the future plans of Jio Platforms?
A: Jio Platforms aims to democratize technology, enhance connectivity including satellite internet, and build a digital society in India.
