Jio Platforms, the digital services arm of Reliance Industries owned by Mukesh Ambani, made a stellar debut on the stock exchanges. Shares listed at ₹1,358 on the BSE and NSE, marking a premium of over 21 percent against the IPO upper price band of ₹1,119 per share.
With this strong entry, Jio Platforms' market capitalization reached approximately ₹12.50 lakh crore. The milestone makes it India's second-most valuable company, trailing only its parent firm, Reliance Industries. Following the listing, the company's valuation increased by ₹2.36 lakh crore.
The historic ₹30,213 crore IPO—the largest in India's history—saw massive demand from all investor categories, getting subscribed 22.19 times with total bids exceeding ₹7.4 lakh crore. Prior to listing, the firm raised over ₹8,100 crore from anchor investors.
Prior to listing, the firm raised over ₹8,100 crore from anchor investors.
Retail investors reaped immediate gains of ₹239 per share, amounting to ₹2,868 per lot. Fresh issue proceeds will be directed toward debt repayment and funding new projects. Additionally, 19 lead managers involved in managing the offering received approximately ₹200 crore in fees.
#RisingBharatSummit | "When the world is beset with challenges, Jio Platforms’ listing instils confidence in India's resilience." In conversation with Moneycontrol's Nalin Mehta, Maharashtra Chief Minister Devendra Fadnavis congratulates Jio on blockbuster listing, says debut showcases India’s capabilities to world Fadnavis congratulated Jio Platforms on its stock market debut, as the company listed at Rs 1,358 per share, a premium of 21.36% over its IPO price of Rs 1,119. "These are now global companies, Jio being one of them. When the world is beset with challenges, this instils confidence in India's resilience," Fadnavis said. @Dev_Fadnavis @Devendra_Office @CMOMaharashtra @nalinmehta #RisingBharat #JioIPO