Jio IPO Listing Live Updates: Ambani family seeks blessings at Mumbai’s Shree Siddhivinayak Temple after stel

Jio platform share price: Jio Platforms Limited stock jumps over 23% Shares of Reliance Industries-backed Jio Platforms made a blockbuster stock market debut, rising nearly 23% over the issue price of Rs 1,119 and making the company India's second most valuable firm by market capitalisation. The stock listed at Rs 1,358 on both the BSE and NSE, marking a gain of 21.36% over the issue price. It later touched a high of Rs 1,375 on the BSE, up 22.87%, while on the NSE it climbed 22.83% to Rs 1,374.50. Jio Platforms' market valuation stood at Rs 12,57,401.07 crore..Jio Platforms listing: Akash Ambani says IPO 'response surpassed our imagination' Akash Ambani, chairman of Reliance Jio Infocomm, said the response to the IPO had exceeded the company’s expectations. The offering received demand worth more than Rs 7.5 lakh crore and over 1.3 crore applications. “The response surpassed our imagination, breaking records in every investor category. We were fully subscribed for India's largest IPO within 95 minutes of launch, the fastest ever India has seen,” he said. Ambani described the listing as the beginning of a new phase for the company, rather than an endpoint, and underlined its responsibility towards shareholders..Reliance Jio debuts today: Jio Platforms’ market capitalisation hits Rs 12.5 lakh crore Jio Platforms made a strong stock market debut with shares were trading at Rs 1,357.45, up Rs 238.45, or 21.31%, from the issue price. The stock touched an early high of Rs 1,374 before trading at around Rs 1,357. At these levels, Jio Platforms’ market capitalisation stood at around Rs 12.5 lakh crore. Reliance Industries, which holds a 64.48% stake in Jio Platforms, was trading at Rs 1,197 per share around 9.59 am, up 0.07% from its previous close of Rs 1,196.20. Speaking at the listing ceremony, Akash Ambani, chairman of Reliance Jio Infocomm, said the IPO had received demand worth more than Rs 7.5 lakh crore, along with over 1.3 crore applications, exceeding expectations..Jio Platforms debuts with 21% premium .Jio Platforms Limited debuts: Jio Platforms registers stellar opening at Dalal Street Shares of Jio Platforms, the country’s largest-ever public offering, made their stock market debut, listing at Rs 1,359 on the BSE and NSE, a 21.36% premium over the IPO price of Rs 1,119 per share. The Rs 30,200-crore IPO attracted cumulative demand of more than Rs 7 lakh crore across the anchor and public book-building process. Investor appetite was evident from the outset, with the issue being fully subscribed within 100 minutes of opening. The Rs 5,500-crore portion reserved for qualified institutional buyers (QIBs) was subscribed within the first 10 minutes..Jio Platforms listing: Jio Platforms makes strong debut, lists at 21% premium to issue price Jio Platforms Limited (JPL) made a strong stock market debut on the NSE and BSE, with premium of Rs 250, or 22.34%, over its issue price of Rs 1,119. The stock was 1369.00, up 11 points or 0.81% on both benchmarks..Reliance Jio IPO lists today: Jio Platforms to debut Dalal Street shortly Jio Platforms shares were indicated at Rs 1,358 in the pre-listing session, a premium of Rs 239, or 21.36%, over the issue price. The company’s $3.2 billion initial public offering was fully subscribed within 100 minutes of opening for bids on October 21, drawing strong investor demand for India’s biggest-ever share sale. The IPO also marked the first public offering from the Reliance group in two decades..Jai Shree Krishna…Let me begin with the one word that matters most today: gratitude. I am deeply grateful to the millions who believed in Jio and made this day possible. Thank you all from the bottom of my heart. Today, the bell at the stock exchange will ring for me like a temple bell. For me, business is a form of worship, and every worship ritual concludes with prasad. We offer this day at the feet of Lord Ganesha, Dwarkanath Ji, Shrinathji, Balaji, and the living goddess, Bharat Mata…Many years ago, a dream emerged from an ordinary home in Chorwad. It belonged to a young man who worked at a petrol pump in Aden, with neither money nor recognition. That young man was our revered Grandfather Dhirubhai Ambani. He showed us that an ordinary Indian can dream extraordinary dreams. .Jio IPO listing today: ‘Business is puja,’ Anant Ambani expresses gratitude at Jio Platforms listing Speaking at the listing ceremony of Jio Platforms Limited, Reliance Industries Executive Director Anant Ambani began by expressing gratitude to the millions who had believed in Jio and made the occasion possible. “Let me begin with the one word that matters the most today, gratitude, to the millions who believed in Jio and made this day possible. I express my heartfelt gratitude towards you all,” he said. Ambani added that the exchange bell held a special significance for him, likening its sound to a temple bell. “Today, the bell at the Exchange will ring for me as a temple bell because for me business is puja and every puja ends with prasad, and prasad is always shared,” he said..Reliance Jio IPO: Investors upbeat on Jio Platforms’ debut as they await for the biggest IPO As Jio Platforms Ltd makes its stock market debut, an investor said the excitement was palpable, describing it as the biggest IPO. “The stock got oversubscribed in a few minutes. I am sure that Jio will be at the forefront of the Indian success story driven by the youth of the country,” the investor said..NSE is proud to welcome Jio Platforms Limited. Jio Platforms Limited becomes the 12th company from Reliance Industries to list on NSE. NSE and Jio represent two important pillars of India's growth story. .Jio IPO listing today: Jio Platforms to debut on Dalal Street shortly .Reliance Jio listing: Jio Platforms shares indicate 21.36% premium in NSE pre-open session Jio Platforms shares were trading at Rs 1,358 in the NSE pre-open session, marking a premium of Rs 239, or 21.36%, over the issue price. The pre-open indication pointed to a substantial premium over the IPO issue price, as investors tracked the listing of the telecom and digital services company. The NSE data listed the security as Jio Platforms Limited, with the identifier INE0BJO01010..JIO IPO listing: When will Jio Platforms shares start trading on NSE and BSE? Jio Platforms is set to make its debut on the NSE and BSE at 10 am. Ahead of regular trading, the shares are expected to go through a special pre-open session, as prescribed under the standard equity-market listing process..JIO IPO listing: 22% GMP hints at a strong listing premium Jio Platforms’ IPO grey market premium (GMP) stood at Rs 248, indicating a premium of 22.2%. The mainboard issue had a price band of Rs 1,065 to Rs 1,119 per share, with a total issue size of Rs 30,187.65 crore. The grey market premium is an unofficial indicator and does not guarantee the price at which shares will list on the stock exchanges..Reliance JIO IPO listing: Jio Platforms eyes growth through AI, cloud computing and 6G technology Jio Platforms is looking to expand beyond telecom, with technology, artificial intelligence and cloud computing expected to drive its next phase of growth, the telecom giant's managing director Akash Ambani told PTI earlier. “There is no either-or at Jio: the network is our technology,” Ambani said, highlighting the company’s in-house 5G core, cloud-native radio access network and software platform, which serves 533.3 million customers. The company is also exploring satellite connectivity and next-generation 6G technology as areas for future development. Ambani said Jio’s growth opportunities span mobile services, home broadband and digital solutions for enterprises. He pointed to the scope for expansion, noting that around 26 crore Indians still use 2G services, while fixed broadband reaches only about 21% of households in the country..JIO IPO listing: QIB portion subscribed 70.55 times Qualified institutional buyers led the demand for Jio Platforms’ initial public offering, subscribing to their reserved portion 70.55 times. The non-institutional investor category was subscribed 14 times, while the retail investor portion was subscribed 2.72 times. The portions reserved for employees and Reliance Industries shareholders were subscribed around 2.93 times and 7.6 times, respectively. Overall, the IPO closed with subscriptions of 22.19 times the shares on offer. The category-wise figures show the level of demand across institutional, non-institutional, retail, employee and shareholder segments during the issue’s three-day subscription window..Jio IPO Listing: Mukesh Ambani’s plan to build an ‘everything company’ The listing of Jio Platforms furthers Mukesh Ambani’s plan to transform Reliance Industries from an oil-and-chemicals conglomerate into an “everything company” spanning consumer and technology businesses. Jio Platforms is Reliance Industries’ telecom and digital services unit and serves more than 530 million customers. Its initial public offering raised $3.2 billion and valued the company at up to $108.3 billion. The listing ceremony is expected to be attended by Akash Ambani, Mukesh Ambani’s eldest son and Jio Platforms’ managing director, according to an industry source with direct knowledge. The company’s stock market debut is scheduled for Wednesday, October 28..Reliance Jio IPO: Reliance shares deliver around 900% returns in two decades Over the last two decades, Reliance shares have delivered returns of around 900%, outperforming the benchmark Nifty index’s 685% return over the same period, according to LSEG data. Jio Platforms, the company’s telecom and digital services unit, is now set to make its stock market debut following its $3.2 billion IPO. The issue attracted strong demand, closing with subscriptions of 22.19 times the shares on offer. Jio Platforms is valued at up to $108.3 billion ahead of its listing on Wednesday, October 28..Reliance Jio IPO: Investor demand build rapidly from day 1 Jio Platforms’ IPO was fully subscribed within the first 100 minutes of opening on October 21. The rapid response continued over the three-day bidding period, with the issue subscribed more than five times by Day 2 before closing at 22.19 times on October 23. In most Indian IPOs, subscription levels typically build gradually, with institutional investors often placing bids closer to the deadline. Jio Platforms’ offering saw substantial demand from the beginning of the subscription period. The issue was priced in a band of Rs 1,065 to Rs 1,119 per share, with a lot size of 12 shares..JIO IPO listing: India ranks first by IPO deal count this year India has become the world’s busiest initial public offering market this year by the number of deals, with 246 listings so far. However, it ranks fourth by the amount of money raised, at $13.5 billion, behind the United States, mainland China and Hong Kong, according to LSEG data. Jio Platforms’ $3.2 billion offering is India’s largest IPO and attracted bids worth $77 billion. The listing is being closely watched as a test of investor appetite for large public offerings amid increased scrutiny of artificial intelligence-linked stocks. Several brokerages have described Jio Platforms’ $108.3 billion valuation as attractive, while flagging competition, heavy capital spending and changes in telecom rules as risks. .Reliance Jio IPO: ADIA, BlackRock and Fidelity among investors Jio Platforms’ initial public offering received substantial demand from anchor investors, including the Abu Dhabi Investment Authority, BlackRock and Fidelity. The $854 million worth of shares reserved for these investors received bids exceeding $25 billion on Monday, according to the provided inputs. The anchor investor response preceded the three-day public subscription period, during which the issue attracted around 1.3 crore applications. The $3.2 billion IPO was fully subscribed within its first 100 minutes and closed with overall subscriptions of 22.19 times. Total demand, including the anchor investor portion, approached Rs 7.5 lakh crore, according to reports..Jio IPO Listing: GMP indicates blockbuster 22% premium Ahead of Jio Platforms’ stock market debut, the grey-market premium indicated potential listing gains of about 22%. The grey market is an unregulated market in which investors trade in shares before they are listed on the stock exchanges. The premium is an indication of the price at which unlisted shares are being traded relative to the IPO price. Jio Platforms’ issue was priced between Rs 1,065 and Rs 1,119 per share, with the upper end of the price band at Rs 1,119. However, the grey-market premium does not establish the actual listing price. The company’s market debut on Wednesday will determine its listing price..Reliance Jio IPO: Jio IPO attracts around 1.3 crore applications Jio Platforms’ initial public offering became the first public issue globally to receive more than one crore applications. The issue attracted around 1.3 crore applications, according to reports, as demand surged during the three-day bidding period. The $3.2 billion offering drew interest from institutional and retail investors, employees and shareholders. Subscription levels rose sharply after the IPO opened on October 21 and closed on October 23. The issue was subscribed 22.19 times overall, while total demand, including the anchor investor portion, approached Rs 7.5 lakh crore, according to reports..Jio IPO listing: Jio Platforms set for stock market debut Jio Platforms, the telecom and digital services unit of billionaire Mukesh Ambani’s Reliance Industries, is set to list on the stock exchanges on October 28. The company’s $3.2 billion initial public offering has become India’s largest public issue, attracting strong interest from institutional and retail investors, employees and Reliance Industries shareholders. Jio Platforms is valued at up to $108.3 billion, potentially making it one of India’s biggest companies by market capitalisation when trading begins. The listing follows a three-day subscription period from October 21 to October 23, during which the issue was subscribed 22.19 times overall.