Reliance Jio IPO

The heavy ​borrowing in Jio ​comes weeks after a wave of retail margin-call liquidations cut India's overall cash ​market margin trading book to ₹1.51 trn as of Oct 28 from record ₹1.59 trn on Sep 30

With 113 companies cleared to list and another 115 having filed draft papers, Jio's debut could encourage large offerings from firms including PhonePe, Flipkart and Hindustan Coca-Cola Beverages

Jio Platforms share price: From its initial public offering (IPO) price of ₹1,119, Jio Platforms stock trades 33 per cent higher.

Jio Platforms' shares surged as much as 23% on debut, pushing Reliance Group's market value past ₹30 trillion and overtaking Tata Group as India's most valuable conglomerate.

Sensex Today | Stock Market LIVE Updates Wednesday: The GIFT Nifty indicated a gap-down open for the Nifty 50 index. Asian markets were trading higher in early deals

Jio Platforms' Managing Director Akash Ambani on Wednesday told employees that the company's stock market listing "is not our destination" but "a new beginning," and asserted that its next decade must be about empowering every Indian to realise their potential to the fullest in the age of Artificial Intelligence. The message came on the day Jio Platforms Limited (JPL) made its debut on the Indian stock exchanges. Shares of Jio Platforms, the Reliance Industries-backed digital services company, made a blockbuster debut on Wednesday, surging 21 per cent against the issue price of Rs 1,119 and becoming the second most valuable domestic firm by market capitalisation. In an email to employees, Akash Ambani said the company must now lead the next wave of technological transformation. "From ubiquitous connectivity to digital services, from cloud to artificial intelligence, we must once again lead the next wave of technological transformation - making the world's most advanced technologies

The National Stock Exchange, Hyundai Motor India, LIC, Paytm and Tata Capital are among the country's biggest IPOs before Jio

Jio Platforms made a strong market debut as Akash Ambani outlined plans to expand into AI, cloud computing and space-based connectivity over the next decade

The $3.2 billion IPO drew bids for 3.47 times the shares on offer on its second day, led by qualified institutional buyers whose quota was subscribed 9.42 times, exchange data showed

Sensex Today | Stock Market LIVE Updates Wednesday: The GIFT Nifty indicated a gap-up open. Asian markets advanced, tracking gains in global equities

Jio Platforms is set to raise up to $3.2 billion at a valuation of $108.3 billion in what will be ​India's biggest ever IPO

The Jio Platforms listing is about unified vision and choice; Tata Sons' possible IPO faces a divided house

The conglomerate has reached out to staff across its group companies and encouraged them to open trading accounts, as Mukesh Ambani seeks to build interest in the proposed $3.2 billion listing

Jio IPO GMP today: On Thursday morning, Jio Platforms shares traded at ₹1,319 in the grey market, implying a premium of ₹200 per share, or 17.87 per cent over the upper end of the price band.

The anchor investor bidding date is October 19, while the public issue will remain open for three days, from October 21 to October 23, 2026

Jio IPO: Nomura said that Bharti's current valuation discount to Jio is unjustified and expects this gap to narrow, at minimum, once JPL goes public.

Cheap data is the playbook ​that built Jio in India, and the one Musk has used in ​markets like Kenya to unsettle local telecom players

Jio has finished gauging demand for the offering and is likely to begin meetings with potential investors this week to discuss valuation and pricing

The country's biggest listing to date is Hyundai Motor India's $2.9 billion listing in 2024, while the National Stock Exchange of India made its market debut last month after a $2.3 billion IPO

Digital services major Jio Platforms is likely to get listed by the end of this month at an enterprise valuation of USD 143-146 billion or above Rs 12 lakh crore, sources tracking the development said. Jio Platforms IPO is touted as India's largest public offer at an estimated size of USD 3.8 billion. The company has concluded overseas roadshows and is expected to file final papers with market regulator SEBI for the initial public offering in the week starting October 12, banking and other sources who did not wish to be identified told PTI. "Based on interest received from overseas roadshows, Jio Platforms is likely to list at a base enterprise valuation of USD 143-146 billion or at least Rs 12 lakh crore by end of this month," one of the banking sources said. An email sent to Jio Platforms (JPL) seeking comments based on available information did not elicit any reply. The overseas roadshows held in the US, UK, Dubai, Hong Kong and Singapore were led by Jio Platforms Managing Dire