New Delhi, Oct. 28 -- Jio Platforms shares delivered a blockbuster stock market debut on Wednesday, 28 October, surging nearly 27% above its issue price to become India's second-most valuable company after Reliance Industries, with a market capitalisation of around Rs.13 lakh crore.

The strong listing bucked the trend among India's mega IPOs, many of which have struggled to deliver gains on debut, offering a rare bright spot for investors amid a bruising equity selloff.

Jio Platforms shares opened at Rs.1,358 on both the BSE and NSE, a 21.36% premium over the issue price of Rs.1,119. The stock extended its gains during the session, closing nearly 27% higher and rewarding investors who subscribed to the country's much-anticipated mega IP...