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

by · Inc42

SUMMARY

  • Jio Platforms listed at ₹1,358 on the BSE and NSE, a 21.36% premium to its issue price of ₹1,119
  • The listing gives Reliance Industries’ telecom and digital services business a standalone public market valuation of ₹12.5 Lakh Cr (about $131 Bn)
  • The ₹30,213 Cr IPO was subscribed 22.19X, with ₹27,500 Cr of the proceeds earmarked to repay borrowings of telecom subsidiary Reliance Jio Infocomm