{
  "id": 16993061,
  "title": "Jio Platforms shares surge 21% on debut, overtake Airtel in market cap",
  "url": "https://urgent.news/2026/10/29/jio-platforms-shares-surge-21-on-debut-overtake-airtel-in-market-cap",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T00:55:41.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/jio-platforms-surges-21-on-debut-overtakes-bharti-airtel/articleshow/135285038.cms"
  },
  "original_language": "en",
  "account": "Mumbai witnessed a spectacular debut for Mukesh Ambani-backed Jio Platforms on Wednesday, with its shares surging 21.4% from the IPO price and cementing its position as India's second-largest company by market capitalisation. The stock, which listed at ₹1,358 on the BSE, closed at ₹1,417.35. This marked the second-best opening day performance in percentage terms for IPOs above ₹10,000 crore in size, surpassing previous record holders Life Insurance Corporation of India, Hyundai Motor India, and Paytm. Jio's market capitalisation reached ₹13.04 lakh crore, just behind parent company Reliance Industries at ₹15.7 lakh crore. The IPO was the largest in India's corporate history and drew strong demand, with subscriptions 22 times the shares on offer.",
  "summary": "Jio Platforms made a remarkable entrance in the stock market, soaring 21.4% above its IPO price on the first day of trading. Closing at ₹1,417.35, the stock surpassed Bharti Airtel in market capitalization. With a staggering 22 times oversubscription, the IPO attracted considerable institutional backing. At the launch event, executive director Anant Ambani recognized the invaluable support from…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}