Jio Platforms shares jump 21% in debut after India's biggest IPO
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In 50 words
Jio Platforms, the telecom and digital unit of India's Reliance Industries, saw its shares jump 21% in their market debut on Wednesday, opening at ₹1,358 against an IPO price of ₹1,119. The $3.2 billion offering was India's largest and most subscribed, TechCrunch reported.
Why it matters
The listing values Jio at about ₹12.5 trillion, making it India's second-most valuable listed company, and shows strong investor demand for the country's largest telecom operator.
Key dates
- 21–22 OctoberJio Platforms' IPO was open for bids, drawing 22.19 times the shares on offer.
- 28 OctoberJio shares began trading, opening at ₹1,358 versus the ₹1,119 IPO price.
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Sources
- TechCrunchView original →
