Jio Platforms shares surge 21% on debut, overtake Airtel in market cap
Jio Platforms made a remarkable entrance in the stock market, soaring 21.4% above its IPO price on the first day of trading. Closing at ₹1,417.35, the stock surpassed Bharti Airtel in market capitalization. With a staggering 22 times oversubscription, the IPO attracted considerable institutional backing. At the launch event, executive director Anant Ambani recognized the invaluable...
Key Takeaways
- Jio Platforms made a remarkable entrance in the stock market, soaring 21.4% above its IPO price on the first day of trading.
- Closing at ₹1,417.35, the stock surpassed Bharti Airtel in market capitalization.
- With a staggering 22 times oversubscription, the IPO attracted considerable institutional backing.
Jio Platforms made a remarkable entrance in the stock market, soaring 21.4% above its IPO price on the first day of trading. Closing at ₹1,417.35, the stock surpassed Bharti Airtel in market capitalization. With a staggering 22 times oversubscription, the IPO attracted considerable institutional backing. At the launch event, executive director Anant Ambani recognized the invaluable support from millions of subscribers.
Original Publisher Attribution
This summary was curated from Economic Times.