Jio Platforms’ initial public offering (IPO) delivered a strong listing-day gain for investors, with the stock trading at Rs 1,359 on October 28 against an issue price of Rs 1,119—about a 21% premium.
The IPO also set a record by receiving over one crore applications, making it the first IPO globally to cross that mark. By the close of the issue, the offering was subscribed 22.19 times, reflecting broad investor interest.
Demand was led by the Qualified Institutional Buyers (QIB) segment, which saw subscriptions of 70.55 times, the highest among categories.
The company marked its stock market debut with a celebratory listing event in Mumbai, calling the milestone a significant moment for Jio Platforms.
