The mega listing of Jio platforms has helped Reliance Group become India’s most valuable conglomerate. Its total market capitalization is Rs. 28 lakh crore, surpassing the Tata Group—whose businesses span from salt to software. Reliance Group’s total market cap was around Rs 18 lakh crore before the listing of the Jio platform. Reliance Industries (RIL) had the largest stake in this, with a market value of Rs 16 lakh crore. This is followed by Jio Financial Services, which was valued at a little over Rs 1 lakh crore.

Jio Platforms made its much-awaited debut in the market on Wednesday. It is Rs. 1,358 was listed, compared to its Rs. 1,119 was 21% higher (premium) than the IPO price. At the time of listing, its market capitalization was over Rs 12.5 lakh crore. After that, after the stock market closed, the company’s share was Rs. 1400 and the market cap of the company was Rs. 13 lakh crore was crossed. Along with this, the total market capitalization of 13 listed companies of Reliance Group is Rs. 28 lakh crore has been crossed.

What are the other most valuable groups in India?

The Tata Group, which comprises 18 listed companies such as Tata Consultancy Services, Tata Motors, Trent and Titan, has a total market cap of around Rs. 26 lakh crores. It is the second largest conglomerate in India after Adani Group and HDFC Group.

Jio platforms have also set a new benchmark. It has become the second most valuable company in India after its parent company RIL. It has overtaken its telecom rival Bharti Airtel, which has now slipped to third place on the list of India’s most valuable companies.

Shares of the company rose by around 27 percent

The special thing is that by the time the stock market closed, the share of Jio had increased by 27 percent to Rs 1417.35. This means that compared to the company’s share issue price of Rs. closed with a premium of 298.35. Due to this increase, the market cap of Jio platform has increased from Rs 10.30 lakh crore to Rs 13.05 lakh crore. It means that the market cap of the company is Rs. 2.75 lakh crore has increased.

Jio Platform IPO

This much awaited launch of Jio in the market is after its mega IPO. According to National Stock Exchange data, investors showed strong interest during the three-day public bidding and it was subscribed 22.19 times the offer size. In which the demand of institutional investors was the highest. By the end of bidding, the ‘Qualified Institutional Buyers’ (QIB) category was subscribed 70.55 times. The non-institutional investor segment subscribed 14 times, while the retail individual investor segment received bids of 2.72 times the shares reserved for them.

Many records were broken

The telecom giant’s maiden public issue (IPO) at a valuation of Rs 30,213 crore broke several records. It also holds the title of India’s largest ever IPO, which in 2024 saw Hyundai Motor India at Rs. 27,870 crore IPO was left behind. The issue created new records in terms of fund raising, demand and applications from anchor investors. Also, it has received the highest number of subscriptions from ‘Qualified Institutional Buyers’ (QIB) among the five largest IPOs in India. According to information regarding the issue, it was fully subscribed within 100 minutes of opening and received approximately 1.4 crore applications.