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BusinessQuiet 14d · day 15

Jio Platforms shares surge 28% since record IPO, overtaking all but Reliance

After India's largest-ever IPO, Mukesh Ambani's digital arm has become the country's second most valuable listed company.

newest coverage 13d agosummary written 13d ago7 pieces Google NewsNewswiresMastodon

What to know

  • Jio Platforms' $3.2bn IPO was India's largest ever and the fastest-subscribed mega issue, closing 22.19 times oversubscribed.
  • Shares have risen about 28% since the October 28 debut, taking market capitalisation to roughly ₹13.18 lakh crore ($131.5bn+).
  • Jio is now India's second most valuable listed company, trailing only its parent, Reliance Industries.
  • The listing is framed as the payoff of Jio's decade-long disruption of India's telecom market since its 2016 free-data launch.

“Today, Jio is shared with India.”

Anant Ambani, Additional director, Jio Platforms board · Al Jazeera ↗ · Oct 30

Mukesh AmbaniMukesh Ambani Chairman, Reliance IndustriesAnant Ambani Additional director, Jio Platforms boardJio Platforms Reliance's telecoms and digital services subsidiaryReliance Industries Parent company and majority owner of Jio Platforms

Jio Platforms shares surge 28% since record IPO, overtaking all but Reliance
aljazeera.com

How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts

Peak 2 pieces in 4h at Oct 30, 1 AM; 7 pieces over 15 days (5 articles · 2 posts) Oct 30, 1 AM — 2 pieces · 2 articles — Google News 2Oct 30, 5 AM — quietOct 30, 9 AM — 2 pieces · 2 articles — Newswires 2Oct 30, 1 PM — quietOct 30, 5 PM — quietOct 30, 9 PM — quietOct 31, 1 AM — quietOct 31, 5 AM — 2 pieces · 1 article · 1 post — Mastodon 1, Newswires 1Oct 31, 9 AM — 1 piece · 1 post — Mastodon 1Oct 31, 1 PM — quietOct 31, 5 PM — quietOct 31, 9 PM — quietNov 1, 1 AM — quietNov 1, 4 AM — quietNov 1, 8 AM — quietNov 1, 12 PM — quietNov 1, 4 PM — quietNov 1, 8 PM — quietNov 2, 12 AM — quietNov 2, 4 AM — quietNov 2, 8 AM — quietNov 2, 12 PM — quietNov 2, 4 PM — quietNov 2, 8 PM — quietNov 3, 12 AM — quietNov 3, 4 AM — quietNov 3, 8 AM — quietNov 3, 12 PM — quietNov 3, 4 PM — quietNov 3, 8 PM — quietNov 4, 12 AM — quietNov 4, 4 AM — quietNov 4, 8 AM — quietNov 4, 12 PM — quietNov 4, 4 PM — quietNov 4, 8 PM — quietNov 5, 12 AM — quietNov 5, 4 AM — quietNov 5, 8 AM — quietNov 5, 12 PM — quietNov 5, 4 PM — quietNov 5, 8 PM — quietNov 6, 12 AM — quietNov 6, 4 AM — quietNov 6, 8 AM — quietNov 6, 12 PM — quietNov 6, 4 PM — quietNov 6, 8 PM — quietNov 7, 12 AM — quietNov 7, 4 AM — quietNov 7, 8 AM — quietNov 7, 12 PM — quietNov 7, 4 PM — quietNov 7, 8 PM — quietNov 8, 12 AM — quietNov 8, 4 AM — quietNov 8, 8 AM — quietNov 8, 12 PM — quietNov 8, 4 PM — quietNov 8, 8 PM — quietNov 9, 12 AM — quietNov 9, 4 AM — quietNov 9, 8 AM — quietNov 9, 12 PM — quietNov 9, 4 PM — quietNov 9, 8 PM — quietNov 10, 12 AM — quietNov 10, 4 AM — quietNov 10, 8 AM — quietNov 10, 12 PM — quietNov 10, 4 PM — quietNov 10, 8 PM — quietNov 11, 12 AM — quietNov 11, 4 AM — quietNov 11, 8 AM — quietNov 11, 12 PM — quietNov 11, 4 PM — quietNov 11, 8 PM — quietYesterday, 12 AM — quietYesterday, 4 AM — quietYesterday, 8 AM — quietYesterday, 12 PM — quietYesterday, 4 PM — quietYesterday, 8 PM — quietToday, 12 AM — quietToday, 4 AM — quietToday, 8 AM — quietToday, 12 PM — quietToday, 4 PM — quietToday, 8 PM — quiet 12
Oct 31Nov 2Nov 4Nov 6Nov 8Nov 10now · 10:17 PM ET
  1. 2

    Jio's rise reframed as culmination of a decade-long market disruption

    Coverage traces how Jio's 2016 launch with free data, backed by Reliance's capital, forced rivals to slash prices, drove mass smartphone internet adoption, and consolidated India's telecoms market, with Meta and Google among its shareholders and more than 530 million customers today.

    “Jio may not be visible. But it pulses through every digital dream of India. Today, Jio is shared with India.”
    — Anant Ambani
    1. 1 outlet How Ambani’s Jio became India’s second-largest company

      first by Al Jazeera, 13d ago

    • GeoWire@mastodon.social

      ⚡ NEWS Jio Platforms Becomes India’s Second-Largest Company via Massive IPO Reliance Jio Platforms has completed India's largest-ever stock market debut, raising $3.2 billion in its Initial Public Offering (IPO). This historic financial event has propelled Jio to become India's second-largest company by market capitalization, marking a... 📰…

      GeoWire@mastodon.socialMastodon13d agoview on Mastodon ↗
  2. 1

    Jio Platforms shares extend gains to 28% since debut

    The stock closed at ₹1,431.20 on the BSE, up 27.89% from the ₹1,119 issue price, lifting the company's market valuation by ₹12,754.51 crore to ₹13,17,996.49 crore over three trading days; Reliance Industries remains the only Indian firm valued higher, at ₹15,74,578.54 crore.

    1. 2 outlets first by The Hindu National, 14d ago · also The Hindu · read ↗

    2. 1 outlet Jio Platforms share price up 28% from IPO price. Here’s what these 4 brokerages are saying

      first by The Economic Times, 14d ago

  3. background

    Jio Platforms makes India's largest-ever stock market debut — Shares listed at ₹1,358 on the BSE and NSE, up 21.36% from the ₹1,119 issue price, and ended the day nearly 27% higher, valuing the company at $131.5bn and making it India's second most valuable firm after Reliance Industries. Ambani staged a celebratory event with DJ sets, a drone show and musicians.

  4. background

    Jio Platforms' ₹30,213 crore IPO closes record-oversubscribed — The issue was fully subscribed within 100 minutes of opening, finishing 22.19 times oversubscribed with total demand across the public issue and anchor placement crossing ₹7.4 lakh crore and applications nearing a world-beating 1.39 crore, the fastest-subscribed mega IPO in India.