India’s largest mobile operator Jio Platforms has listed on October 28 at INR1,358 ($14.27) per share on both the National Stock Exchange (NSE), under the ticker JPL, and Bombay Stock Exchange (BSE), under the ticker code 545004.
The initial public offering (IPO) share price is a 21.36% premium over the IPO issue price of INR1,119. The total IPO size was INR302.1 billion or $3.17 billion and the offering was oversubscribed by 22.3 times overall. The amount values the firm at around $150 billion.
The multinational tech giant is a subsidiary of Mumbai-headquartered conglomerate Reliance Industries.
This is a developing story.
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