Jio Platforms ends debut 27% up, m-cap tops Rs 13 lakh crore

Jio Platforms, the telecom and digital arm of Reliance Industries, made a blockbuster market debut on Wednesday, closing its first trading session nearly 27 per cent above its issue price and becoming India’s second most valuable listed company.

The stock listed at Rs 1,358 on both the BSE and the NSE, a premium of 21.36 per cent to its initial public offer price of Rs 1,119. It touched an intraday high of Rs 1,423.80 on the BSE before closing at Rs 1,417.35, up 26.66 per cent; on the NSE it ended at Rs 1,417.50, up 26.67 per cent.