New Delhi, Oct. 28 -- Jio Platforms has joined a select group of founder-led businesses, including Meta, Alibaba and SpaceX, to achieve an equity valuation exceeding $100 billion at the time of their initial public offering (IPO). The milestone comes as Jio Platforms made a blockbuster stock market debut on Wednesday, October 28, becoming India's second most valuable listed company.

Jio Platforms shares listed at Rs.1,358 apiece on the stock exchanges, a premium of 21.4% over the IPO issue price of Rs.1,119. The listing pushed the company's market capitalisation to Rs.12.6 lakh crore, placing it behind only parent Reliance Industries in India's market capitalisation rankings.

At its IPO offer price, Jio Platforms was valued at approxima...