Jio Platforms Lists At 21% Premium Over IPO Price, Becomes Second Most Valuable Company

Jio Platforms made a strong stock market debut on Wednesday, with shares listing at Rs 1,358 apiece on the BSE and NSE, significantly above the IPO issue price of Rs 1,119. The listing delivered a gain of Rs 238 per share, translating into a premium of around 21.27% for investors over the issue price.

The strong debut placed the Mukesh Ambani-owned company among India's most valuable listed businesses. At the listing price, Jio Platforms had a market capitalisation of Rs 12.5 lakh crore, making it the country's second-most valuable listed company.

Reliance Industries, its parent company, led the rankings with a market capitalisation of approximately Rs 16 lakh crore, while Bharti Airtel stood third at nearly Rs 12.1 lakh crore, according to BSE data. Also read : Share Markets Wary, Investors Await Fed Rate Call; Jio IPO Debut Soon: Sensex 500 Points Down Jio Platforms had entered the market with an IPO valuation of around Rs 10.3 lakh crore, based on its issue price of Rs 1,119 per share.

The company issued 27 crore new shares through the offering. Despite the premium at which Jio Platforms entered the exchanges, the stock made only modest gains in early trading after its debut. At around noon, it was trading at Rs 1,362.20, up 0.31% from its listing price of Rs 1,358.

The early movement suggests that investors were still assessing the company's market valuation after the initial listing-day jump. Its performance through the rest of the session will determine how much of the initial premium it can retain.

Jio Platforms shares debuted at Rs 1,358 apiece on the BSE and NSE, significantly above its IPO issue price of Rs 1,119. This listing delivered a premium of around 21.27% for investors. At its listing price, Jio Platforms had a market capitalization of Rs 12.5 lakh crore.

This made it India's second-most valuable listed company, behind its parent, Reliance Industries. Despite the premium listing, the stock showed modest gains in early trading. Around noon, it was trading at Rs 1,362.20, an increase of 0.31% from its listing price.

Sakshi Arora is Chief Copy Editor at ABP Live English, working on business stories that track markets, global economies and key financial trends. A quick and dependable hand on the desk, she balances numbers with nuance, and is an expert on everything Personal Finance, Mutual Funds, and IPOs.

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