Jio Platforms Shares Surge Following Market Debut and IPO Listing

Jio Platforms shares surged nearly 28% from their issue price of ₹1,119 since debuting on Wednesday, October 28, reaching a market capitalisation of nearly ₹13.18 lakh crore.

The strong market entry follows an initial public offering that attracted bids for 22.19 times the shares on offer.

While Jio offers an expanding 5G network and digital ecosystem, analysts note its high valuation requires careful comparison with established rival Bharti Airtel.