Jio debuts on D-Street: India’s biggest IPOs delivered negative returns over one month after listing. Will Jio break the curse?

Jio debuts on D-Street: India’s biggest IPOs delivered negative returns over one month after listing.

Will Jio break the curse?

Agencies Synopsis Jio Platforms has marked a significant milestone by successfully launching its market debut following India’s largest initial public offering, valued at Rs 30,213-crore.

While historical trends indicate that stocks often experience negative returns post-major IPOs, initial reports present an optimistic outlook for Jio, with projections suggesting potential for growth as the company aims to expand its technological footprint through cutting-edge innovations across diverse sectors.

XPeers Jio Platforms Share Price Oct 28, 2026, 05:06:00 PM IST Follow us Jio Platforms made its much-awaited market debut on Tuesday, capping India’s biggest-ever IPO and becoming the country’s second-most valuable listed company.

However, history shows that the market has not been very favourable over a month for the stocks which debuted after concluding the country's biggest IPOs of the country.ADVERTISEMENT Jio’s Rs 30,213-crore maiden public issue broke several records, including the title of India’s largest-ever IPO by surpassing Hyundai Motor India’s Rs 27,870-crore offering in 2024.

The issue set records across fundraising, anchor investor demand and applications, while attracting the highest qualified institutional buyer (QIB) subscription among India’s five largest IPOs.

's mega issue, have delivered negative returns over the month following their debut.Hyundai Motor India, the second-largest IPO on the list, made a weak market debut, listing at a 1% discount to its issue price.

The stock fell over 7% from the IPO price on listing day.

Over the next month, it gained less than 1% from its listing-day closing price but remained about 7% below the IPO price.ADVERTISEMENT The recently-listed National Stock Exchange (NSE) takes the third spot.

The shares made their much-awaited market debut on September 24, listing at Rs 1,800 apiece on BSE.

This marked a premium of less than 1% over the IPO price of Rs 1,785.

Paytm however tops the list in terms of worst returns over one month since listing.

The stock dropped as much as 27% on the listing day itself and more than 39% in a month from the IPO price.ADVERTISEMENT ADVERTISEMENT Please embed: https://et-infographics.indiatimes.com/graphs/IX6oN/1/" scrolling="no" frameborder="0" height="479" data-external="1"What lies ahead for Jio Platforms shares?ADVERTISEMENT Nomura initiated coverage on the shares of Jio Platforms with a ‘Buy’ rating and a target price of Rs 1,340, implying an upside of 20% from the issue price of Rs 1,119.

Elara Capital also initiated coverage of Jio Platforms with a Buy rating and a target price of Rs 1,367 per share.

Speaking at Jio’s blockbuster listing on stock exchanges, Jio Platforms MD Akash Ambani said the company’s next phase would focus on “democratising every technology that can transform lives,” including AI, cloud, connected devices, connectivity from space and digital services yet to be imagined. No.