Wednesday, October 28, 2026

Diwali comes early for Jio investors; JPL adds a record Rs 2.76 lakh crore ($29 billion) to investor wealth on day 1

Jio Platforms Limited added over Rs 2.76 lakh crore or $29 billion to investor wealth in the first trading session bringing early Diwali cheer among millions of investors across India

Continue reading

October 28, 2026
STATE

-    Jio Platforms Limited added over Rs 2.76 lakh crore or $29 billion to investor wealth in the first trading session bringing early Diwali cheer among millions of investors across India. This was the biggest addition to investor wealth on debut by any Indian company.

-    Jio Platforms’ shares witnessed strong delivery-based buying on its listing day, as the share price gained 26.8% with the last traded price of Rs 1,419 on NSE at market close. JPL’s market capitalisation crossed Rs 13.06 lakh crore, as against the IPO valuation of Rs 10.3 lakh crore. 

-    With this extraordinarily strong listing, Jio Platforms Limited has strengthened its position as India’s second-largest listed company by market capitalisation. At a market capitalisation of Rs 13.05 lakh crore, its market capitalisation is now nearly Rs 80,000 crore higher than that of Bharti Airtel.

-    In what’s recognized as India’s biggest IPO, Jio Platforms allotted shares in IPO at Rs 1,119 apiece to over 78 crore shareholders, listing at ₹1,358 per share. The listing marks a landmark moment for Indian capital markets. With it the Mukesh Ambani-led Reliance Group has become India’s biggest corporate group by valuation overtaking the Tata Group.

-    JPL counter witnessed strong volumes on the debut day. NSE and BSE together clocked over Rs 26,000 crore of traded value in JPL shares. Delivery percentage was higher than 70% showing strong investor interest.

-    Jio’s IPO success, and the listing day gains, demonstrate India’s ability to build a technology enterprise of global scale, attract substantial institutional capital and create digital infrastructure serving hundreds of millions of people.

About the Author
Sambad English Bureau

Sambad English covers latest news and happenings from Odisha from the house of Sambad Group, Eastern Media Limited.

728x90 Advertisement

You May Also Like


DISCLAIMER
All content on this website is the exclusive property of Eastern Media Limited. Any downloadable material, including but not limited to electronic or digital versions of the newspaper (e-paper) in any format, is provided solely for personal use. Unauthorized dissemination, distribution, circulation, or publication of any content or e-paper (whether in PDF or other formats) by any means, including on social media platforms, without prior authorization, permission, or license is strictly prohibited.