Jio Platforms shares list at 21% premium, becomes India's second-most valuable firm
· Business · Times of India, Moneycontrol, Indian Express
Jio Platforms made a strong stock market debut on Wednesday, with shares listing at Rs 1,358 on the BSE and NSE, a premium of around 21.35% over the issue price of Rs 1,119. The stock touched a high of Rs 1,375 and a low of Rs 1,356.40 during early trade, placing its market valuation at Rs 12.5 lakh crore. The debut made Jio the country's second-most valuable listed company, behind parent Reliance Industries. The IPO had closed with bids for 22.19 times the shares on offer, attracting over 1.39 crore applications.
Why it matters
Jio Platforms' strong market debut elevates the Reliance group's combined valuation to Rs 28.4 lakh crore, reinforcing the conglomerate's dominance in India's equity markets and reflecting intense investor appetite in the country's mega IPO space.
Read the original report — Times of India
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