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    JIO PLATFORMS SHARE PRICE

    No. 2 on Day 1: How Jio Platforms broke India’s market cap hierarchy in debut trade

    Jio Platforms made a blockbuster stock market debut, listing at a 21.3% premium over its IPO price of Rs 1,119 at Rs 1,358 on the BSE. With a market capitalisation of around Rs 12.5 lakh crore, it became India’s second-most valuable listed company after parent Reliance Industries, overtaking Bharti Airtel. The debut also made Jio India’s largest listed telecom company, placing it ahead of major players such as TCS, SBI and Bajaj Finance.

    Jio after listing: 5 factors that could drive big returns for long-term investors

    Jio Platforms recently debuted on the stock market with a strong initial premium over its IPO price. The company is well-positioned for growth due to its largest subscriber base and potential market expansion. Increased revenue can also result from higher average revenue per user and upcoming tariff hikes. Additionally, Jio's ventures into home broadband, AI, and cloud services present new revenue opportunities.

    Jio effect! Reliance beats Tata to become India's most valued conglomerate

    Jio Platforms’ listing has propelled the Reliance Group to become India’s most valuable conglomerate, with a combined market capitalisation of over Rs 28 lakh crore, surpassing the Tata Group. Jio debuted at Rs 1,358, a 21% premium to its IPO price of Rs 1,119, adding over Rs 12.5 lakh crore to Reliance Group’s market value.

    Jio Platforms shares get 3 Buy calls on Day 1 as Nomura, Motilal and Elara initiate coverage. Check target price

    Jio Platforms debuted at a 21.36% premium to its IPO price on Wednesday, while Nomura, Motilal Oswal and Elara Capital initiated coverage with Buy ratings. Brokerages cited telecom leadership, tariff hikes, rising ARPU, digital services and improving cash flow as key growth drivers.

    Jio IPO listing: With drones, DJs and a helipad, Ambani throws a party for stock market debut

    Mukesh Ambani is hosting extravagant celebrations for the IPO of Reliance conglomerate, which is a significant event. The festivities include elaborate performances and a drone show near a helipad, creating a festive atmosphere. Many employees shared videos of dancing and lively celebrations on social media, reflecting the excitement on the campus. This event follows the record-breaking Jio Platforms IPO, which attracted immense interest and surging stock prices.

    Ambani pulls off a blockbuster: Jio IPO makes 13 records, rewrites Dalal Street history

    Jio Platforms celebrated a remarkable achievement with its IPO, raising Rs 30,188 crore and drawing an unprecedented wave of investor interest. Over 1.38 crore applications poured in, breaking previous records for both institutional bids and public participation in Indian IPOs. The shares were issued solely as new equity, reinforcing the strong appeal and confidence in the Indian market offerings.

    The Economic Times
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