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Jio Platforms listed at Rs 1,358, a 21.36% premium, and settled at Rs 1,419 on the NSE, 26.8% above the Rs 1,119 issue price, valuing it at about Rs 13.05 lakh crore. The listing made Reliance Group India's most valuable business group, ahead of Tata Group, by market capitalisation.
Amita Sahani4 min
Jio Platforms shares debut on the NSE and BSE on Wednesday after India's largest IPO, a Rs 30,213 crore issue priced at Rs 1,119 and subscribed 22.19 times. Grey market quotes suggest a listing near Rs 1,363 to Rs 1,376, but the opening price is set at the pre-open session.
Amita Sahani4 min
Jio Platforms' IPO was subscribed 22.19 times overall, with qualified institutions at 70.55 times, non-institutional investors at 14 times and retail at 2.72 times. The basis of allotment is due today, refunds and share credit on 27 October, and listing on 28 October.
Amita Sahani4 min
Jio Platforms' Rs 30,213 crore IPO, subscribed about 22 times, will see its basis of allotment on 26 October, refunds on 27 October and listing on BSE and NSE on 28 October. The unofficial grey market premium was around Rs 243 to 246 a share on Saturday.
Prateek Rawat4 min
Bidding in the Jio Platforms share sale ended on Friday with the issue about 17.5 times subscribed at 4:38 pm, the last figure available. Institutions bid 52 times their quota and retail investors 2.6 times. Allotment is due on Monday and listing is planned for Wednesday.
Prateek Rawat4 min
The Jio Platforms share sale closes later on Friday after being 5.4 times subscribed at the end of day 2. Institutions bid heavily; retail was at 1.55 times. Allotment is due on Monday, refunds and share credit on Tuesday, and listing is planned for Wednesday.
Prateek Rawat4 min
Jio Platforms' share sale of about Rs 30,200 crore was 5.2 times subscribed by 5 pm on Thursday, with institutions far ahead of retail investors. The issue closes on Friday, with allotment on Monday and listing planned for 28 October.
Subhash Gupta3 min
