# Jio Platforms Extends Listing Gains as Market Cap Surpasses 13.10 Lakh Crore Rupees

> Shares of Jio Platforms gained for a second straight trading session, pushing the newly listed digital services firm's valuation past the 13.10 lakh crore rupees mark.

**Type:** article · **Category:** Market · **Published:** 2026-10-29 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/market/listinga-ke-dusare-dina-bhi-jio-ke-sheyaron-men-teji-marketa-kaipa-13-10-lakha-karora-rupaye-ke-para-53275 · **Language:** English
**Tags:** Jio Platforms, Reliance Industries, Stock Market, Market Capitalization, IPO Listing, Share Market

Shares of Jio Platforms logged positive gains on Thursday, marking their second consecutive session of advances on the domestic stock exchanges. On the BSE, the company's equity stock rose by 0.40 percent to finish the trading day at 1423.05 rupees. The counter saw aggressive buying interest during intra-day hours, jumping as much as 5.12 percent to touch an intra-day high of 1490 rupees. Similarly, on the NSE, the shares ended higher by 0.14 percent at 1419.50 rupees apiece, having advanced 5.09 percent during the session to hit an intra-day peak of 1489.70 rupees.

## Valuation Expands by 5249.15 Crore Rupees on Thursday
Driven by the ongoing price momentum, the firm's overall market capitalization on the BSE swelled by 5249.15 crore rupees in a single day, finishing at 13,10,491.13 crore rupees. The digital services subsidiary of Reliance Industries has now closed more than 27 percent above its issue price of 1119 rupees within just two days of market debut. After marking a powerful debut on Wednesday, when the counter closed roughly 27 percent above its issue price, the entity cemented its position as the country's second most valuable publicly listed company by market capitalization.

## Solidifying Second Spot Behind Reliance Industries
At the end of trading on Wednesday, Jio Platforms held an aggregate market valuation of 13 lakh crore rupees. Reliance Industries retains the top rank among the country's most valuable enterprises, holding a market capitalization of 15.92 lakh crore rupees. Behind the oil to telecom conglomerate, Jio Platforms now sits ahead of traditional heavyweights in the top five bracket, comfortably leading Bharti Airtel, HDFC Bank, and ICICI Bank in total market valuation.

## Robust 22.19 Times Subscription During Public Offer
The stellar secondary market performance mirrors the massive investor appetite witnessed during the firm's 30,213 crore rupees initial public offering, which was subscribed 22.19 times overall. Cumulative bidding demand across the public offering and anchor investor allocations surpassed 7.4 lakh crore rupees, with total applications scaling to 1.39 crore. The public issue comprised entirely a fresh issuance of 27 crore equity shares, marketed within an established price band of 1065 rupees to 1119 rupees per share.

## What this means for you
The continued rally in Jio Platforms shares directly affects retail equity investors and broader benchmark indices.

- **For Allottees:** Investors who secured share allotments in the public offer are sitting on listing gains exceeding 27 percent against the 1119 rupees issue price. They can weigh their personal portfolio strategy between partial profit booking and holding for long-term compounding.
- **On Broader Markets:** With a valuation above 13.10 lakh crore rupees, the stock now wields considerable influence over index movements. Daily fluctuations in its price will likely create ripple effects across benchmark trading directions.
- **For the Telecom Sector:** The immense market capitalization reinforces institutional appetite for digital connectivity assets. Peer telecommunication companies may see renewed focus on their own valuation multiples.
- **For Prospective Buyers:** Secondary market participants entering post-listing should note the consolidation after shares touched an intra-day peak of 1490 rupees. Fresh allocations require careful risk evaluation and adherence to entry levels.

## Why this happened
The continuing advance in Jio Platforms stock is propelled by exceptional investor demand built up during the primary offering and confidence in the firm's fundamental market footprint. This appetite has carried over into post-listing secondary market sessions.

- **Unmet Primary Demand:** The initial public offer witnessed an overwhelming 22.19 times subscription, accumulating demand worth over 7.4 lakh crore rupees against an issue size of 30,213 crore rupees. Large investors and institutions that received partial or no allotments are actively accumulating shares from the open market.
- **Corporate Standing and Scale:** As the core digital enterprise under Reliance Industries, the company occupies an entrenched industry position across connectivity and digital services. This standing allowed it to surpass Bharti Airtel, HDFC Bank, and ICICI Bank to claim the second position in market valuation.
- **Listing Momentum:** Closing approximately 27 percent higher on its debut session set a strong technical backdrop for the counter. That positive tone kept sentiment buoyant on Thursday, driving intra-day trades toward the 1490 rupees threshold.

## Questions & Answers

### 1. Where did Jio Platforms shares settle on the BSE and NSE on Thursday?
On the BSE, the shares closed 0.40 percent higher at 1423.05 rupees, while on the NSE, they settled up 0.14 percent at 1419.50 rupees.

### 2. What intra-day highs were recorded during Thursday's trading session?
The stock touched an intra-day high of 1490 rupees on the BSE (up 5.12 percent) and 1489.70 rupees on the NSE (up 5.09 percent).

### 3. What is the updated market valuation of Jio Platforms after this gain?
Following an addition of 5249.15 crore rupees on Thursday, the firm's market capitalization reached 13,10,491.13 crore rupees on the BSE.

### 4. How does the company rank among India's top listed firms by market valuation?
Jio Platforms ranks second behind Reliance Industries (15.92 lakh crore rupees), placing ahead of Bharti Airtel, HDFC Bank, and ICICI Bank.

### 5. What were the issue size and price band for the initial public offer?
The public offer size was 30,213 crore rupees comprising 27 crore fresh shares, with a price band fixed between 1065 rupees and 1119 rupees per share.

### 6. How many bids and applications did the public offering receive?
The issue was subscribed 22.19 times, receiving 1.39 crore applications and drawing cumulative demand exceeding 7.4 lakh crore rupees.

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