The Jio Platforms listing began with a 21% share price gain on October 28, 2026, following India’s largest initial public offering by rupee value. The debut also brought four generations of the Ambani family together for an emotional opening-bell ceremony.

Key Takeaways

  • The offering attracted a record number of applications, while the opening gain helped Reliance overtake Tata as India’s most valuable conglomerate.
  • Isha, Akash and Anant Ambani spoke at the listing ceremony as they take on greater responsibility within Reliance.

Jio Platforms listing follows record IPO

Jio’s shares rose 21% as trading began. The gain helped the Reliance group surpass Tata Group, which had held the position of India’s most valuable conglomerate for more than a decade.

The IPO was India’s biggest in rupee terms and attracted a record number of applications. Akash Ambani said it was the fastest issue of its size to be fully subscribed.

Jio Platforms’ digital services span mobile and fixed connectivity as well as consumer and enterprise products. Its Reliance Jio Infocomm subsidiary served 524.4 million customers in India as of March 31, 2026.

Ambani family marks the debut

Mukesh Ambani repeatedly fought back tears as his children spoke about the family’s journey. Akash told investors that Jio would create value for the next 50 years, as parent Reliance Industries had over the previous 50; Isha and Anant echoed his sentiments.

Isha recalled her father working on Reliance’s first public offering at age 20. Anant said the exchange bell would ring for him “like a temple bell.” Mukesh and Nita Ambani joined their children, grandchildren and Mukesh’s mother, Kokilaben, on stage for the bell ringing.

The focus on unity came as the siblings take on greater responsibility. After Dhirubhai Ambani’s death in 2002, a succession dispute in Mukesh’s generation culminated in the division of the family businesses three years later.

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