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Reliance's September-quarter revenue rose 27.8% to Rs 3,62,268 crore and EBITDA 23.9% to a record Rs 62,409 crore. Oil-to-chemicals supplied about 85% of the EBITDA rise, Jio grew steadily and retail slipped. The shares gained nearly 12%, their best day since April 2020.
Amita Sahani5 min
Jio Platforms reports its July-September results today, its first since listing, with Reliance Industries. Analysts expect revenue near Rs 40,400 crore, profit near Rs 7,610 crore, ARPU about Rs 219.5 and 541.3 million subscribers. This preview was written before the numbers came out.
Amita Sahani4 min
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
