‘My heart overflows with gratitude’: Akash Ambani as Jio debuts at a premium of 21% after Rs 30,213 crore issue
Jio Platforms debuted on the National Stock Exchange of India with a 21% premium, marking the second most valuable company in the country. The issue raised Rs 30,213 crores, becoming the 12th company to be listed in Reliance Industries' portfolio. Jio's market capitalisation is now around Rs 12.5 lakh crore, put side-by-side with Bharti Airtel's current Rs 12.2 lakh crore.
The listing ceremony was attended by Mukesh Ambani, Anant Ambani, Isha Ambani, and Nita Ambani, all members of the Ambani family who back Reliance Industries. Akash Ambani expressed his gratitude to everyone who contributed to the IPO's success, stating his ambitions for the company's future. Jio's ARPU has grown to Rs 215.6 in Q1 of FY27, outpacing Bharti Airtel's Rs 264 in the same period, despite having a larger subscriber base.
Analysts expect future tariff hikes and increased AI services in the near future to further bolster the company's earnings.
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