On debut, Jio 2nd most valuable company, behind only parent Reliance Industries
Jio Platforms debuted on the stock market, listing its shares at ₹1,358 and surging to ₹1,419. This resulted in a market capitalisation of ₹13.1 lakh crore, making Jio the second most valuable company in India, behind its parent, Reliance Industries. The IPO was oversubscribed over 22 times, reflecting strong investor interest.