Jio makes strong debut at 21% premium to become India's second-most valuable firm
Jio Platforms debuted on the stock market with a 21% premium, reaching a market valuation of Rs 12.5 lakh crore. This makes it India's second-most valuable company, trailing only its parent firm, Reliance Industries.
Why it matters
The successful listing underscores the massive investor appetite for Indian digital infrastructure and cements the Reliance group's dominant position in the Indian economy.
Jio stock price: Jio Platforms made a strong stock market debut on Wednesday, with its shares listing at Rs 1,358 on the BSE and NSE, a premium of around 21.35% over the issue price of Rs 1,119. The stock touched a high of Rs 1,375 and a low of Rs 1,356.40 during early trade. The listing comes after a record-breaking initial public offering (IPO) that attracted substantial demand from institutional and retail investors.The debut placed Jio Platforms among India's most valuable listed companies, with a market capitalisation of around Rs 12.5 lakh crore. It became the country's second most valuable company by market valuation, behind parent Reliance Industries.
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Jio Platforms Surges in Landmark Stock Market Debut
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