On its first trading day, 28 October 2026, Jio (JPL) opened at 1,358 rupees and closed at 1,417.50 rupees in the National Stock Exchange of India's daily bhavcopy, so the close was above the open, and The Independent confirms the 1,358-rupee opening.
History. Five of seven record first share sales in India since 2004 closed their first day below the first price of the day, including two that still ended above the sale price.
Hunch. Of the three record sales since 2021, only LIC ended its first day slightly above its opening price.
Resolves YES if the closing price the National Stock Exchange of India publishes for Jio on its first day of trading is below the opening price it publishes for that day, which on listing day comes from a short session before normal trading. An equal close or no trading by 31 October makes the market void, and BBC News and The Guardian are the backups.
We looked for cases where a company sold shares to the public in India for the first time in what was then the country’s biggest such sale. We found seven since 2004. We compared each first-day closing price with the sale price, and with the first price of the day.