On debut, Jio 2nd most valuable company, behind only parent Reliance Industries
Jio Platforms successfully listed its shares at a premium price of Rs 1,358 on debut day. The stock surged to Rs 1,419, resulting in a market capitalisation of Rs 13.1 lakh crore. The listing also elevated the RIL group to the top of India's most valued business houses. Jio’s IPO was oversubscribed more than 22 times,...
Key Takeaways
- Jio Platforms successfully listed its shares at a premium price of Rs 1,358 on debut day.
- The stock surged to Rs 1,419, resulting in a market capitalisation of Rs 13.1 lakh crore.
- The listing also elevated the RIL group to the top of India's most valued business houses.
Jio Platforms successfully listed its shares at a premium price of Rs 1,358 on debut day. The stock surged to Rs 1,419, resulting in a market capitalisation of Rs 13.1 lakh crore. The listing also elevated the RIL group to the top of India's most valued business houses. Jio’s IPO was oversubscribed more than 22 times, indicating strong investor interest.
Original Publisher Attribution
This summary was curated from Times of India.