Jio Platforms Lists at ₹1,358, 21% Above IPO Price
Jio Platforms debuted on the stock market on Wednesday, listing at Rs 1,358 per share, which is a 21.35% premium over its IPO price of Rs 1,119. The stock reached an early high of Rs 1,374 and was trading at Rs 1,357.45 shortly after the opening, contributing to a market capitalization of approximately Rs 12.5 lakh crore. Akash Ambani, Chairman of Reliance Jio Infocomm, highlighted the IPO's overwhelming demand, with over 1.3 crore applications and a full subscription achieved within 95 minutes. He stated that the listing signifies a new phase for the company, emphasizing a commitment to transparency and long-term investor confidence.
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