{"id":330116,"date":"2026-10-28T11:47:34","date_gmt":"2026-10-28T06:17:34","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=330116"},"modified":"2026-10-28T11:47:34","modified_gmt":"2026-10-28T06:17:34","slug":"mega-listings-in-india-how-jio-platforms-debut-compares-with-lic-hyundai-nse-and-paytm-listing-day-returns-and-what-history-says","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/mega-listings-in-india-how-jio-platforms-debut-compares-with-lic-hyundai-nse-and-paytm-listing-day-returns-and-what-history-says\/","title":{"rendered":"Mega Listings in India: Did Jio Platforms Break the Jinx? How the Debut Compares With LIC, Hyundai, NSE and Paytm and What History Says"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Jio Platforms listed 21.36% above its issue price on 28 Oct 2026, while Mint reports that LIC closed about 8% below its issue price, Hyundai Motor India closed about 7.2% below and NSE closed about 1.85% above on their debut days. The comparison is not yet like for like, because Jio&#8217;s figure is a listing price and the others are closing prices, and Jio&#8217;s own close is not known at 11:26 AM. Of the mega listings in India compared here, Jio has the highest figure, though the measures differ.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Mega listings in India have a poor day-one record: LIC closed about 8% below its issue price of Rs 949 in 2022, Hyundai Motor India closed about 7.2% below Rs 1,960 in 2024 and NSE closed only about 1.85% above Rs 1,785 in 2026, as per Mint. Jio Platforms listed at Rs 1,358 against Rs 1,119, a gain of 21.36%, after a subscription of 22.19 times compared with 2.28 times for Hyundai. The verdict depends on the closing price and on how the stock trades over the next few months, which one expert thinks could hold because tradable supply is limited. This is educational and not a recommendation.<\/p>\n<\/p><\/div>\n<p>Mega listings in India have long carried a jinx, because very large issues tend to attract heavy demand but then struggle to absorb selling on the first day. This article compares the Jio Platforms debut with earlier mega listings in India, shows what is known and what is not, and sets out the reasons experts give for why Jio may be different.<\/p>\n<p>Univest has already published a pre-listing article on this question, so this one looks at the result of the Jio Platforms listing for mega listings in India. I could not retrieve Mint&#8217;s own report titled &#8216;Jio Platforms bucks mega-IPO trend with a strong opening&#8217;, which is behind a paywall, and I did not find day-one results for the other large issues in the list. The data is educational and not advice.<\/p>\n<p style=\"margin-top:24px;\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/mega-listings-in-india-how-jio-platforms-debut-compares-with-lic-hyundai-nse-and-paytm-listing-day-returns-and-what-history-says\/#Mega_Listings_in_India_The_Largest_Issues_Compared\" title=\"Mega Listings in India: The Largest Issues Compared\">Mega Listings in India: The Largest Issues Compared<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/mega-listings-in-india-how-jio-platforms-debut-compares-with-lic-hyundai-nse-and-paytm-listing-day-returns-and-what-history-says\/#Why_Jio_Platforms_May_Differ_From_Earlier_Mega_Listings_in_India\" title=\"Why Jio Platforms May Differ From Earlier Mega Listings in India\">Why Jio Platforms May Differ From Earlier Mega Listings in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/mega-listings-in-india-how-jio-platforms-debut-compares-with-lic-hyundai-nse-and-paytm-listing-day-returns-and-what-history-says\/#Jio_Platforms_Listing_Day_So_Far\" title=\"Jio Platforms Listing Day So Far\">Jio Platforms Listing Day So Far<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/mega-listings-in-india-how-jio-platforms-debut-compares-with-lic-hyundai-nse-and-paytm-listing-day-returns-and-what-history-says\/#Risks_and_What_History_Cannot_Tell_You\" title=\"Risks and What History Cannot Tell You\">Risks and What History Cannot Tell You<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/mega-listings-in-india-how-jio-platforms-debut-compares-with-lic-hyundai-nse-and-paytm-listing-day-returns-and-what-history-says\/#Conclusion_Mega_Listings_in_India_Have_a_Weak_Record_and_Jio_Has_Started_Differently\" title=\"Conclusion: Mega Listings in India Have a Weak Record, and Jio Has Started Differently\">Conclusion: Mega Listings in India Have a Weak Record, and Jio Has Started Differently<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/mega-listings-in-india-how-jio-platforms-debut-compares-with-lic-hyundai-nse-and-paytm-listing-day-returns-and-what-history-says\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/mega-listings-in-india-how-jio-platforms-debut-compares-with-lic-hyundai-nse-and-paytm-listing-day-returns-and-what-history-says\/#What_is_the_jinx_on_mega_listings_in_India\" title=\"What is the jinx on mega listings in India?\">What is the jinx on mega listings in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/mega-listings-in-india-how-jio-platforms-debut-compares-with-lic-hyundai-nse-and-paytm-listing-day-returns-and-what-history-says\/#Did_Jio_Platforms_break_the_mega_listing_jinx\" title=\"Did Jio Platforms break the mega listing jinx?\">Did Jio Platforms break the mega listing jinx?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/mega-listings-in-india-how-jio-platforms-debut-compares-with-lic-hyundai-nse-and-paytm-listing-day-returns-and-what-history-says\/#How_does_Jio_compare_with_Hyundai_Motor_India\" title=\"How does Jio compare with Hyundai Motor India?\">How does Jio compare with Hyundai Motor India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/mega-listings-in-india-how-jio-platforms-debut-compares-with-lic-hyundai-nse-and-paytm-listing-day-returns-and-what-history-says\/#How_did_NSE_and_LIC_perform_on_listing_day\" title=\"How did NSE and LIC perform on listing day?\">How did NSE and LIC perform on listing day?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/mega-listings-in-india-how-jio-platforms-debut-compares-with-lic-hyundai-nse-and-paytm-listing-day-returns-and-what-history-says\/#Why_might_Jio_Platforms_hold_its_gains\" title=\"Why might Jio Platforms hold its gains?\">Why might Jio Platforms hold its gains?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/mega-listings-in-india-how-jio-platforms-debut-compares-with-lic-hyundai-nse-and-paytm-listing-day-returns-and-what-history-says\/#What_are_the_risks_for_mega_listings_in_India\" title=\"What are the risks for mega listings in India?\">What are the risks for mega listings in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/mega-listings-in-india-how-jio-platforms-debut-compares-with-lic-hyundai-nse-and-paytm-listing-day-returns-and-what-history-says\/#What_should_investors_watch_next_on_Jio_Platforms\" title=\"What should investors watch next on Jio Platforms?\">What should investors watch next on Jio Platforms?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/mega-listings-in-india-how-jio-platforms-debut-compares-with-lic-hyundai-nse-and-paytm-listing-day-returns-and-what-history-says\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Mega_Listings_in_India_The_Largest_Issues_Compared\"><\/span><strong>Mega Listings in India: The Largest Issues Compared<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Mega listings in India: issue<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Year and size<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Final subscription<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Day-one result<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jio Platforms<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2026; Rs 30,213 crore, fresh issue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">22.19 times<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Listed at Rs 1,358 against Rs 1,119, up 21.36%; closing price not known yet<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hyundai Motor India (offer for sale)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2024; Rs 27,870 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2.28 times (Mint)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Closed at Rs 1,819.60 against Rs 1,960, about 7.2% below<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">NSE (offer for sale)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2026; Rs 22,569 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">5.7 times<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Closed at Rs 1,818 against Rs 1,785, about 1.85% above<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">LIC (offer for sale)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2022; Rs 21,000 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2.95 times<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Closed about 8% below the issue price of Rs 949<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Paytm (One97)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2021; Rs 18,300 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Negative listing-day return; figure not in the source<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tata Capital<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2025; Rs 15,512 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not retrieved<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Coal India<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2010; Rs 15,200 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not retrieved<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">HDB Financial Services<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2025; Rs 12,500 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not retrieved<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">LG Electronics India (offer for sale)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2025; Rs 11,607 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">54.02 times<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not retrieved<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reliance Power<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2008; Rs 11,563 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">70.02 times<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not retrieved<\/td>\n<\/tr>\n<\/table>\n<p>Hyundai&#8217;s close of Rs 1,819.60 against an issue price of Rs 1,960 gives a fall of about 7.2% (my calculation). The Jio Platforms listing came from an issue about 8.4% larger than Hyundai&#8217;s (my calculation), which makes it the largest of all mega listings in India so far, and its subscription of 22.19 times is almost ten times Hyundai&#8217;s 2.28 times, as Gaurav Arora of SAHI points out.<\/p>\n<p style=\"margin-top:24px;\"><strong>Track new listings and the Jio Platforms share price on Univest<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Jio_Platforms_May_Differ_From_Earlier_Mega_Listings_in_India\"><\/span><strong>Why Jio Platforms May Differ From Earlier Mega Listings in India<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Mega listings in India: argument<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Who said it<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Demand was far higher<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Gaurav Arora, SAHI<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">22 times subscription against 2.28 times for Hyundai<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Limited tradable supply and long-term anchors<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Mohit Gulati, ITI Alternatives<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Fresh issue is about 2.9% of equity; anchors named as GIC, ADIA, Norges and MAS; gains could hold for three to six months or longer, an assessment and not a promise of returns<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Growth sector<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Arun Kejriwal, Kejriwal Research<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tariff hikes and growth, compared with capacity limits at Hyundai; watch zone Rs 1,340 to Rs 1,390<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Subscriber base<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Ratiraj Tibrewal, Choice Capital<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 533.3 million subscribers and about 34.3 times post-issue earnings<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Caution on mega issues<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dr Ravi Singh, Master Capital Services<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">High subscription does not ensure listing gains or lasting returns<\/td>\n<\/tr>\n<\/table>\n<p>The reasons differ in kind: one is demand, one is supply, one is the business and one is a warning. Note that Jio&#8217;s issue was entirely fresh, while LIC, Hyundai and NSE were offers for sale, where existing shareholders sold. That difference in who is selling can matter for how the shares trade. Whether these arguments hold for mega listings in India as a group will take years of data.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the Univest iOS App or Univest Android App to set price alerts on new listings and track their first-week trading.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Jio_Platforms_Listing_Day_So_Far\"><\/span><strong>Jio Platforms Listing Day So Far<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Mega listings in India: Jio Platforms level<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reading (11:26 AM)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Meaning (my calculation)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issue price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,119<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Base<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Listing price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,358<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 21.36%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">NSE price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,368.00<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 22.3%; day range Rs 1,357 to Rs 1,374.50<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Kejriwal zone<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,340 to Rs 1,390<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price is inside it<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Kejriwal signal levels<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Below Rs 1,310 or above Rs 1,410<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 4.2% below and about 3.1% above the price<\/td>\n<\/tr>\n<\/table>\n<p>Because the earlier mega listings in India (LIC, Hyundai and NSE) are quoted at the close of their first day, the fair test for the Jio Platforms listing is its own close, which will be known after 3:30 PM. The article by Mint also says NSE traded at a meaningful discount within a month, per Gaurav Arora, so even a positive first day does not settle the matter. For mega listings in India, the first month will say more than the first hour.<\/p>\n<p>Grey market premium (GMP) is an unofficial, unregulated indicator that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_and_What_History_Cannot_Tell_You\"><\/span><strong>Risks and What History Cannot Tell You<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>Small sample.<\/strong> Only a handful of mega listings in India exist, and each had different conditions, so the jinx is a pattern and not a rule.<\/li>\n<li><strong>Different comparisons.<\/strong> Reports on mega listings in India mix listing price, closing price and later prices tell different stories, so check which one a report uses.<\/li>\n<li><strong>Absorbing volume.<\/strong> For mega listings in India, Arora says absorbing listing-day volume and sustaining gains matters more than the opening premium.<\/li>\n<li><strong>Valuation.<\/strong> At about 34.3 times post-issue earnings, delivery on ARPU, cash flow and returns on capital is needed.<\/li>\n<li><strong>Market conditions.<\/strong> The Sensex fell about 1% today on crude and FII selling, and mega listings in India can be hit by wider weakness.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion_Mega_Listings_in_India_Have_a_Weak_Record_and_Jio_Has_Started_Differently\"><\/span><strong>Conclusion: Mega Listings in India Have a Weak Record, and Jio Has Started Differently<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mega listings in India have mostly disappointed on day one, with LIC and Hyundai closing about 8% and 7.2% below issue and NSE gaining about 1.85%, while Jio listed 21.36% above. The debut is a strong start, but the closing price and the next few months are the real test. Use the table to compare mega listings in India like with like, and make decisions with your own risk profile and not the jinx or the headline.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_jinx_on_mega_listings_in_India\"><\/span><strong>What is the jinx on mega listings in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It is the pattern that very large issues have often listed weakly or traded below their issue price soon after, despite strong demand. LIC closed about 8% below its issue price in 2022, and Hyundai Motor India closed about 7.2% below in 2024, as per Mint.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Did_Jio_Platforms_break_the_mega_listing_jinx\"><\/span><strong>Did Jio Platforms break the mega listing jinx?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Jio Platforms listing was strong: Jio listed at Rs 1,358 against Rs 1,119, a gain of 21.36%. But the closing price on listing day and the trading over the next few months will decide whether it has truly broken the pattern for mega listings in India.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_Jio_compare_with_Hyundai_Motor_India\"><\/span><strong>How does Jio compare with Hyundai Motor India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Among mega listings in India, Hyundai&#8217;s Rs 27,870 crore issue in 2024 was subscribed 2.28 times and closed about 7.2% below its Rs 1,960 issue price. Jio&#8217;s Rs 30,213 crore issue was subscribed 22.19 times and listed 21.36% above its issue price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_NSE_and_LIC_perform_on_listing_day\"><\/span><strong>How did NSE and LIC perform on listing day?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Two other mega listings in India, NSE and LIC, went differently: as per Mint, NSE closed at Rs 1,818 against an issue price of Rs 1,785, about 1.85% higher, and LIC closed about 8% below its issue price of Rs 949. Both were offers for sale.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_might_Jio_Platforms_hold_its_gains\"><\/span><strong>Why might Jio Platforms hold its gains?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Experts say Jio may differ from earlier mega listings in India, citing much higher demand, a fresh issue of about 2.9% of equity, long-term anchor investors and growth supported by tariff hikes. One expert expects gains could hold for three to six months or longer but calls it an assessment and not a promise of returns.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_for_mega_listings_in_India\"><\/span><strong>What are the risks for mega listings in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are absorbing heavy volume, profit booking, high valuation, market weakness and the small sample behind the jinx. High subscription and early premiums do not ensure lasting returns.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_should_investors_watch_next_on_Jio_Platforms\"><\/span><strong>What should investors watch next on Jio Platforms?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> For Jio and other mega listings in India, watch the closing price on listing day, trading volume and delivery in the first week and the Q2 results on 30 Oct 2026. The zone of Rs 1,340 to Rs 1,390 is the level one analyst is watching.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the jinx on mega listings in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It is the pattern that very large issues have often listed weakly or traded below their issue price soon after, despite strong demand. LIC closed about 8% below its issue price in 2022, and Hyundai Motor India closed about 7.2% below in 2024, as per Mint.\"}},{\"@type\":\"Question\",\"name\":\"Did Jio Platforms break the mega listing jinx?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Jio Platforms listing was strong: Jio listed at Rs 1,358 against Rs 1,119, a gain of 21.36%. 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