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The celebration featured street food stalls, dynamic drone light shows, live DJs, traditional dancing, and devotional music tailored for thousands of employees and corporate guests
The Ambanis at Jio Platform’s stock market debut on Wednesday. (PTI)
Reliance Jio Platforms made its historic stock market debut today (Wednesday, October 28, 2026), achieving a stellar listing that solidified its position as India’s second-most valuable public company.
Following the record-breaking $3.2 billion initial public offering (IPO) — the largest in Indian history — Mukesh Ambani threw a massive celebratory gala featuring drones, DJs, dancing, and a helipad to mark the conglomerate’s first major listing in two decades.
BUMPER MARKET DEBUT
Jio shares opened 21.4% above their IPO issue price and closed their first trading day up nearly 27% at ₹1,417.5 on the National Stock Exchange (NSE).
The opening rally catapulted Jio Platforms’ valuation to $137 billion (over ₹12.5 lakh crore), placing it second only to its parent company, Reliance Industries.
The public issue closed last week oversubscribed by 22 times, attracting a world-beating 1.39 crore applications.
EMOTIONAL FAMILY MOMENT
At A Glance
Reliance Jio Platforms made its historic stock market debut on October 28, 2026.
The initial public offering raised $3.2 billion, making it the largest in Indian history.
Jio shares opened 21.4% above their IPO issue price and closed up nearly 27% at ₹1,417.5 on the National Stock Exchange.
The public issue closed oversubscribed by 22 times and attracted 1.39 crore applications.
The listing ceremony at the NSE in Mumbai served as a high-profile public passing of the baton to the next generation of Ambanis.
Mukesh Ambani, the 69-year-old billionaire patriarch was visibly emotional and fighting back tears as he watched from the sidelines.
Children Akash, Isha, and Anant Ambani took center stage to present the company’s future vision to investors.
Akash Ambani (Chairman of Reliance Jio) spoke of democratising AI and cloud technologies. He notably drives relations with global tech investors, including managing calls with Meta’s Mark Zuckerberg (Meta owns a near 10% stake in Jio).
THE GRAND CELEBRATION
Echoing the lavish scale of the Ambani family weddings, the post-listing gala was hosted as a major festival near Mumbai. The celebration featured street food stalls, dynamic drone light shows, live DJs, traditional dancing, and devotional music tailored for thousands of Reliance employees and corporate guests, according to reports.
In Mumbai, Reuters reported how the party began before the stock market listing.
Social media posts show large-scale private gatherings held at the Reliance Corporate Park near Mumbai this week, which included dozens of food stalls serving Indian street food, dance performances and jam sessions blending devotional music with contemporary rhythms.
“Given the Ambani family’s unique wedding celebrations, its IPO festivities are also expected to be out of the ordinary,” said Ambareesh Baliga, an independent market analyst in Mumbai, told Reuters.
Reliance is holding a “grand event” where there will be DJ performances, a drone show and a jam session where popular Indian singers will perform – all next to a helipad, according to an internal invitation seen by Reuters.
This week, many employees posted on social media clips of hundreds of people dancing to live music, said the report.
With agency inputs
Quick Answers
Ask News18Reliance Jio Platforms made its market debut on October 28, 2026, with shares opening 21.4% above their IPO issue price and closing up nearly 27% at ₹1,417.5 on the National Stock Exchange. This stellar performance pushed its valuation to $137 billion, making it India’s second-most valuable public company.
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October 28, 2026, 6:33 PM IST
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