Jio Platforms Share Price & IPO Listing Live: Mukesh Ambani's Jio set for trading debut after record IPO
Jio Platforms IPO listing today, Jio Platforms share price live updates: Catch real-time share price updates
Jio Platforms, Mukesh Ambani's telecommunications and digital venture, is scheduled to debut on the Indian stock market on Wednesday following a record-breaking IPO. The company's share price is expected to trade at ₹1,119 per share, the higher end of the allocated price range. The IPO received an overwhelming 22.19 times overall subscription, indicating robust investor interest.
The total demand for the shares, both from the public issue and anchor placement, surpassed ₹7.4 lakh crore. Experts advise investors to adopt a long-term perspective, highlighting Jio Platforms' robust digital infrastructure, technological prowess, and growth prospects in artificial intelligence, enterprise services, and broadband.
The company's valuation at the issue price stands at approximately ₹10.3 lakh crore, with the primary use of proceeds intended to settle up to ₹27,500 crore of debt at Reliance Jio Infocomm.
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Also reported by 3 other outlets
- Jio Platforms Listing Today: Rs 30,213 crore IPO eyes strong debut on Dalal Street economictimes.indiatimes.com
- Jio Platforms storms Dalal Street, lists 21% above issue price thehindubusinessline.com
- Meta- and Google-backed Jio Platforms’ shares soar over 21% on trading debut after record IPO cnbc.com