# Jio IPO Listing Gain: Debut Price, Day Close and Top Valuations

> Jio Platforms listed on 28 Oct 2026 at INR 1,358 (~21.4% over INR 1,119) and closed near INR 1,417-1,419. How RIL and Jio rank among India's most valuable companies.
- **Published**: 2026-10-28
- **Modified**: 2026-10-28
- **Category**: ipo
- **URL**: https://www.tldr.money/articles/ipo/jio-ipo-listing-gain

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Jio Platforms' **listing day** is now in the books: shares started trading on **Wednesday 28 October 2026** on NSE and BSE after India's largest IPO. This page covers the open, the close, what that meant for a minimum lot, and where Reliance and the listed Jio entity sat among India's largest companies by market valuation. It sits next to the [Jio IPO guide](/articles/ipo/jio-ipo) and our [IPO overview](/ipo).

**Last updated: 28 October 2026 (Asia/Calcutta).** Listing date **confirmed** (was "on or about" in the RHP). Prices and market-cap ranks below are from exchange-linked press for the debut session; they will move every day after.

> **Educational content, not investment advice.** This page explains listing-day outcomes using exchange data and reputable press. tldr.money is not a SEBI-registered investment adviser or research analyst. Nothing here is a recommendation to buy, sell or hold any security. Past listing gains do not predict future returns. Speak to a SEBI-registered adviser if you need personal advice.

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- **Open:** INR 1,358 on NSE and BSE -- **21.36%** over the INR 1,119 issue price.
- **Close:** about **INR 1,417.50** (NSE) / **INR 1,417.35** (BSE) -- roughly **26.7%** over issue; day high near **INR 1,423.90**.
- **Ranks:** Moneycontrol's close table put **RIL #1** and **Jio Platforms #2** by market cap in India.
- **Nuance:** Jio's market cap is not "new wealth" added on top of RIL dollar-for-dollar -- RIL already owned most of Jio ([Indian Express](https://indianexpress.com/article/explained/explained-economics/jio-platforms-listing-reliance-tata-adani-market-cap-explained-10939986/)).
- **Next watch:** [lock-in and shareholder selling](/articles/ipo/jio-ipo-lock-in-shareholder-selling) dates that free more float.

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<div data-viz="stats" data-id="jio-listing-day-facts">Issue price INR 1,119; listing open INR 1,358 (21.36%); NSE close ~INR 1,417.50; day high NSE ~INR 1,423.90; listing date 28 Oct 2026 confirmed.</div>

## Confirmed vs provisional dates

| Milestone | RHP / earlier site status | Status as of 28 Oct 2026 |
|---|---|---|
| Bidding | 21-23 October 2026 | **Confirmed** (closed) |
| Allotment | on or about 26 October 2026 | **Confirmed** 26 October (BSE lock-in annexure / company filings) |
| Listing / first trade | on or about 28 October 2026 | **Confirmed** Wednesday 28 October 2026 |

See the full timeline on [Jio IPO dates](/articles/ipo/jio-ipo-dates-allotment-status) and how to check allotment on [allotment status](/articles/ipo/jio-ipo-allotment-status).

## Listing day price vs issue price

| Item | Figure | Source |
|---|---|---|
| Issue price (cap) | INR 1,119 | RHP / price band advertisement; final issue at the cap |
| Lot size | 12 shares (INR 13,428 at issue) | RHP; same figure already used across our Jio cluster |
| Listing open (NSE & BSE) | INR 1,358 (+21.36%) | [Moneycontrol](https://www.moneycontrol.com/news/business/ipo/jio-share-price-live-jio-platforms-ipo-jpl-stock-price-listing-today-bse-nse-liveblog-14061676.html); [Hindu Business Line](https://www.thehindubusinessline.com/markets/jio-platforms-share-price-jio-platforms-ipo-listing-live-updates/article71630928.ece) |
| Day high | NSE INR 1,423.90; BSE INR 1,423.80 | PTI / [ThePrint Hindi](https://hindi.theprint.in/india/economy/jio-platforms-shares-closed-up-nearly-27-becoming-the-second-most-valuable-indian-company/1050823/) |
| Day close | NSE INR 1,417.50; BSE INR 1,417.35 (~26.7% vs issue) | [Hindu Business Line](https://www.thehindubusinessline.com/markets/jio-platforms-share-price-jio-platforms-ipo-listing-live-updates/article71630928.ece) |
| Last traded / liveblog close (also reported) | ~INR 1,419 (~26.8% vs issue) | [Moneycontrol liveblog](https://www.moneycontrol.com/news/business/ipo/jio-share-price-live-jio-platforms-ipo-jpl-stock-price-listing-today-bse-nse-liveblog-14061676.html) |

<div data-viz="bars" data-id="jio-listing-price-ladder">Issue INR 1,119; open INR 1,358; day high ~INR 1,424; NSE close ~INR 1,417.50.</div>

Paper gain on one **retail** lot of 12 shares at the **open** is INR 1,358 − INR 1,119 = **INR 239** a share -> **INR 2,868**. At the NSE close of INR 1,417.50 the same lot is up about **INR 3,582** versus issue (our calculation). Shareholder-quota minimum lots differ; Moneycontrol illustrated a 23-share shareholder lot gaining about INR 5,497 at the open.

## How the issue got here

| Fact | Figure | Source |
|---|---|---|
| Gross issue size at the cap | ~INR 30,213 crore | Company / press; INR 30,187.65 crore net of employee discount on our [hub](/articles/ipo/jio-ipo) |
| Final public subscription | 22.19x (7:00 pm IST, 23 Oct) | NSE bid details (see [subscription status](/articles/ipo/jio-ipo-subscription-status)) |
| Applications (press) | >1.3 crore | [Moneycontrol](https://www.moneycontrol.com/news/business/stocks/reliance-industries-jio-platforms-become-india-s-no-1-and-no-2-most-valuable-firms-after-blockbuster-listing-14062551.html) |
| Anchor book | INR 8,109.85 crore; 212 anchors at INR 1,119 | [Anchor investors](/articles/ipo/jio-ipo-anchor-investors) |

Grey-market quotes before listing had often implied roughly INR 1,352-1,363. The actual open at INR 1,358 landed in that band; the close ran higher. GMP remains unofficial -- see [Jio IPO GMP](/articles/ipo/jio-ipo-gmp).

## India's top companies by market valuation (listing-day close)

Moneycontrol published this ranking for the close of Wednesday 28 October 2026:

| Rank | Company | Market cap (INR  crore) |
|---|---|---|
| 1 | Reliance Industries | 15,67,744.61 |
| 2 | Jio Platforms | 13,05,241.98 |
| 3 | Bharti Airtel | 11,88,244.20 |
| 4 | HDFC Bank | 10,58,188.40 |
| 5 | ICICI Bank | 9,86,735.85 |
| 6 | TCS | 8,89,325.91 |
| 7 | SBI | 8,83,139.34 |
| 8 | Bajaj Finance | 5,71,075.66 |
| 9 | Larsen & Toubro | 5,35,341.12 |
| 10 | LIC India | 4,94,614.82 |

Source: [Moneycontrol, 28 October 2026](https://www.moneycontrol.com/news/business/stocks/reliance-industries-jio-platforms-become-india-s-no-1-and-no-2-most-valuable-firms-after-blockbuster-listing-14062551.html). RIL closed at **INR 1,158** in that coverage. Jio also overtook Airtel as India's most valuable listed telecom by market cap on debut.

<div data-viz="bars" data-id="jio-top-mcap-listing-day">Top market caps at listing-day close: RIL ~INR 15.68 lakh cr, Jio ~INR 13.05 lakh cr, Airtel ~INR 11.88 lakh cr (Moneycontrol).</div>

### Group combined market cap (with a double-count warning)

The [Indian Express](https://indianexpress.com/article/explained/explained-economics/jio-platforms-listing-reliance-tata-adani-market-cap-explained-10939986/) reported that Reliance group listed companies (RIL + Jio Platforms + Jio Financial) combined near **INR 29.9 lakh crore**, ahead of the Tata group's roughly **INR 25.3 lakh crore** in that comparison. Treat "group total" as a headline ranking only:

- RIL still holds a **majority** of Jio after the IPO (RHP / our post-issue calc ~64.5%; Express cited ~64.41%).
- Jio's value was **already partly inside RIL's share price** before listing.
- Adding RIL market cap + full Jio market cap **double-counts** the overlapping stake.

Moneycontrol makes the same point: the two caps "cannot simply be added to arrive at the group's underlying economic value."

## What listing does -- and does not -- change for investors

- **Separate ticker.** You can now buy or sell Jio Platforms without buying the whole Reliance conglomerate. For the reverse question -- owning RIL for Jio plus retail, refining, renewables, satellite and AI -- see [Is Reliance Industries a good buy?](/articles/ipo/is-reliance-industries-a-good-buy).
- **Float is still thin at the open.** Only the IPO public book (and unlocked ESOP slices) can trade freely at first; promoters, most pre-IPO holders and anchors stay locked. Timeline: [lock-in and shareholder selling](/articles/ipo/jio-ipo-lock-in-shareholder-selling).
- **One day is not a thesis.** A strong debut does not settle ARPU, returns on equity, spectrum dues or related-party dependence -- those remain in the [should you invest](/articles/ipo/should-you-invest-in-jio-ipo) and [risk factors](/articles/ipo/jio-ipo-risk-factors) pages.

## Related Jio IPO guides

- [Jio IPO: DRHP and RHP breakdown](/articles/ipo/jio-ipo)
- [Jio IPO lock-in and shareholder selling](/articles/ipo/jio-ipo-lock-in-shareholder-selling)
- [Is Reliance Industries a good buy?](/articles/ipo/is-reliance-industries-a-good-buy)
- [Jio IPO allotment status](/articles/ipo/jio-ipo-allotment-status)
- [Jio IPO dates and timeline](/articles/ipo/jio-ipo-dates-allotment-status)
- [Jio IPO subscription status](/articles/ipo/jio-ipo-subscription-status)
- [Jio IPO anchor investors](/articles/ipo/jio-ipo-anchor-investors)
- [Should you invest in the Jio IPO?](/articles/ipo/should-you-invest-in-jio-ipo)
- [Tax on IPO listing gains](/articles/ipo/ipo-listing-gains-tax)
- [Jio vs Airtel](/articles/ipo/jio-vs-airtel)

## Sources

Primary and exchange-linked press first. Links accessed 28 October 2026 unless stated.

- [Moneycontrol liveblog: Jio Platforms listing, open INR 1,358, close coverage, 28 October 2026](https://www.moneycontrol.com/news/business/ipo/jio-share-price-live-jio-platforms-ipo-jpl-stock-price-listing-today-bse-nse-liveblog-14061676.html)
- [Moneycontrol: RIL and Jio Platforms as India's No. 1 and No. 2 by market cap, with ranking table, 28 October 2026](https://www.moneycontrol.com/news/business/stocks/reliance-industries-jio-platforms-become-india-s-no-1-and-no-2-most-valuable-firms-after-blockbuster-listing-14062551.html)
- [The Hindu Business Line: NSE close INR 1,417.50 / BSE INR 1,417.35, 28 October 2026](https://www.thehindubusinessline.com/markets/jio-platforms-share-price-jio-platforms-ipo-listing-live-updates/article71630928.ece)
- [PTI via ThePrint Hindi: day high BSE INR 1,423.80 / NSE INR 1,423.90, 28 October 2026](https://hindi.theprint.in/india/economy/jio-platforms-shares-closed-up-nearly-27-becoming-the-second-most-valuable-indian-company/1050823/)
- [Indian Express: Reliance group vs Tata/Adani market cap; why Jio mcap is not dollar-for-dollar new wealth, 28 October 2026](https://indianexpress.com/article/explained/explained-economics/jio-platforms-listing-reliance-tata-adani-market-cap-explained-10939986/)
- [SEBI, Jio Platforms RHP dated 14 October 2026 (PDF)](https://www.sebi.gov.in/sebi_data/attachdocs/oct-2026/1792045029108.pdf) (issue structure, indicative timetable)
- NSE bid details for final 22.19x subscription (as summarised on our [subscription page](/articles/ipo/jio-ipo-subscription-status))
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