Jio Platforms raises roughly $3.2 billion in India's largest IPO, then debuts at a premium

Jio Platforms raised roughly $3.2 billion in India's largest IPO, according to Axios and Forbes, and made its market debut on Oct. 28, 2026. Inc42 reports that shares opened at ₹1,358, 21.36% above the ₹1,119 issue price. Forbes reported a later rise of more than 27%. Axios's roughly $106 billion IPO valuation should not be confused with Forbes's later trading-day market capitalization of $137 billion.