BusinessPhoto: Hindu BusinessJio Platforms Debuts 21% Above Issue Price, Valued Over ₹12 Lakh Crore
Jio Platforms Ltd debuted on the stock market at ₹1,358, a 21.36% premium over its ₹1,119 issue price, closing at ₹1,417.50. Despite a weak Sensex, which fell 352.64 points to 73,246.03, Jio's ₹32,000-crore IPO was subscribed over 22 times, raising ₹7.4 lakh crore. With a market cap of ₹12.5 lakh crore, Jio became India's second-most-valued listed company after Reliance Industries.
Hindu Business··Mumbai


