- Jio Platforms Limited added over Rs 2.76 lakh crore or $29 billion to investor wealth in the first trading session bringing early Diwali cheer among millions of investors across India. This was the biggest addition to investor wealth on debut by any Indian company.
- Jio Platforms’ shares witnessed strong delivery-based buying on its listing day, as the share price gained 26.8% with the last traded price of Rs 1,419 on NSE at market close. JPL’s market capitalisation crossed Rs 13.06 lakh crore, as against the IPO valuation of Rs 10.3 lakh crore.
- With this extraordinarily strong listing, Jio Platforms Limited has strengthened its position as India’s second-largest listed company by market capitalisation. At a market capitalisation of Rs 13.05 lakh crore, its market capitalisation is now nearly Rs 80,000 crore higher than that of Bharti Airtel.
- In what’s recognized as India’s biggest IPO, Jio Platforms allotted shares in IPO at Rs 1,119 apiece to over 78 crore shareholders, listing at ₹1,358 per share. The listing marks a landmark moment for Indian capital markets. With it the Mukesh Ambani-led Reliance Group has become India’s biggest corporate group by valuation overtaking the Tata Group.
- JPL counter witnessed strong volumes on the debut day. NSE and BSE together clocked over Rs 26,000 crore of traded value in JPL shares. Delivery percentage was higher than 70% showing strong investor interest.
- Jio’s IPO success, and the listing day gains, demonstrate India’s ability to build a technology enterprise of global scale, attract substantial institutional capital and create digital infrastructure serving hundreds of millions of people.