Jio Platforms shares list at Rs 1,358 on BSE, NSE, 21.36% above issue price
Jio Platforms Ltd, the telecom and digital services subsidiary of Reliance Industries led by Mukesh Ambani, made its stock market debut on Wednesday at Rs 1,358 per share on the BSE and NSE, a premium of 21.36 per cent over its issue price of Rs 1,119.
Valued at Rs 30,213 crore, the IPO was priced at the upper end of its price band and attracted strong investor interest, with an overall subscription of 22.19 times. Qualified institutional buyers led the demand, subscribing to 70.55 times their allotted quota, while the retail segment was subscribed 2.72 times.
