Jio Platforms surges 21% in India’s record $3.2bn IPO

Briefing by News4U · First published 2026-10-28 05:35:49 UTC

Jio Platforms raised $3.2 billion in India’s largest IPO and its shares jumped 21% on debut, valuing the company at about $131.9 billion.

Jio Platforms raised $3.2 billion in India’s largest IPO and its shares surged 21% on debut, valuing the company at about $131.9 billion. [1] [2] [3]

The offering drew bids worth more than $77 billion and was 22.19 times subscribed, with over 13.8 million investors applying. [3]

Jio plans to use up to $2.9 billion of the proceeds to repay debt at Reliance Jio Infocomm. [3]

Sources

1. Shares of Ambani’s Jio rise 21% in India’s biggest IPO

   FT Markets · 2026-10-28 04:42:17 UTC · Summary only

2. Ambani’s Jio Surges in Debut After India-Record IPO

   Bloomberg · 2026-10-28 04:59:56 UTC · Summary only

3. Jio shares surge 21% in market debut after blockbuster India IPO

   TechCrunch · 2026-10-28 05:20:32 UTC · Full text

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