Jio Platforms IPO Listing : Jio Platforms has completed its initial public offering (IPO) at a valuation of ₹10.3 lakh crore, marking what is being described as a major milestone for India’s capital markets. The company issued 27 crore new shares at ₹1,119 per share. At this valuation, Jio Platforms ranks as India’s fourth-largest company by market capitalisation, behind Reliance Industries, Bharti Airtel and HDFC Bank. The offering is being described as historic because, according to the information provided, no company had previously launched an IPO in India at a valuation exceeding ₹10 lakh crore.

Shares Set to List on October 28
Jio Platforms shares are scheduled to list on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on Wednesday, October 28, 2026. Strong demand for the IPO and indications from the grey market have raised expectations of a premium listing. However, the grey market is unofficial and cannot guarantee the actual listing price. The price at which the shares begin trading will depend on demand, market conditions and investor activity on the listing day.

What a 20% Listing Premium Could Mean
If Jio Platforms shares list at a 20% premium to the issue price of ₹1,119, they would trade at approximately ₹1,340 per share. At that price, the company’s market capitalisation could exceed ₹12.3 lakh crore. Under this scenario, Jio Platforms could become India’s second-most valuable company, immediately behind its parent company, Reliance Industries. However, this remains a hypothetical outcome rather than a certainty. The actual market capitalisation will depend on the listing price and the total number of outstanding shares.

Reliance Group’s Combined Valuation Continues to Rise
Based on the IPO valuation, Reliance Industries and Jio Platforms together would have a combined market capitalisation exceeding ₹27 lakh crore. On this calculation, the Reliance Group, led by Mukesh Ambani, could rank as India’s most valuable business group. For comparison, the combined market capitalisation of the Tata Group’s 32 listed companies was reported at approximately ₹25.7 lakh crore as of October 27, 2026. The 11 publicly listed Adani Group companies had a combined market capitalisation of around ₹16.6 lakh crore. These figures reflect market valuations, which can change as share prices fluctuate.

Investors Watch for the ₹30 Lakh Crore Milestone
If Jio Platforms lists significantly above its issue price, the Reliance Group’s combined market value could approach ₹30 lakh crore. Such an outcome would represent another major milestone for India’s corporate markets. However, investors should remember that a large IPO or high valuation does not guarantee strong future share-price performance. After listing, the company’s financial results, business growth, competitive position and broader market conditions will all influence how its shares perform.