India, Oct. 29 -- Jio Platforms Ltd made a blockbuster stock market debut on Wednesday, surging straight to the position of India's second most valuable company, as demand for the country's biggest telecom-and-tech firm reached a fever pitch.

After opening at Rs.1,358, an impressive 21% above its issue price of Rs.1,119, the Jio stock climbed another 4.49%, as investors who missed India's largest public share sale crowded its counter. Jio shares closed at Rs.1,417 on the NSE, a gain of 26.81% from its issue price. The company was worth Rs.13 trillion at the end of the day, ranked just below its parent and market cap topper Reliance Industries Ltd, pushing rival telco Bharti Airtel Ltd to the third position.

The stellar listing came on a...