Jio Platforms shares extended their gains on debut day on Wednesday, rising nearly 27 percent from the issue price and taking the company's market capitalisation past Rs 13 lakh crore.
The shares touched a high of Rs 1,417.90 per share on the NSE, up 26.71 percent from the IPO price of Rs 1,119.
At around 3 pm, the stock was trading at Rs 1,415.80, up more than 4 percent from its listing price of Rs 1,358.
The company's market capitalisation rose by Rs 52,031.02 crore from Rs 12,50,586.39 crore to Rs 13,02,617.41 crore on its debut day itself.
The strong listing helped Jio Platforms overtake Bharti Airtel to become India's most valuable telecom company by market capitalisation. It also secured the second position among India's listed companies by market value, behind its parent Reliance Industries.