Jio Platforms Lists At 21.36% Premium After India’s Largest IPO

Shares of Jio Platforms, the telecom and digital services arm of Reliance Industries, listed at ₹1,358 apiece on the BSE and the NSE, a 21.36% premium to the issue price of ₹1,119. The debut gave the company a market capitalisation of ₹12.5 Lakh Cr (about $131 Bn) as against the ₹10.3 Lakh Cr (about $108 Bn) capitalisation at the issue price. The listing follows India’s largest IPO, which was subscribed 22.19X when bidding closed on October 23.