Jio Platforms Lists; Reliance, Jio Top Two

made its stock market debut on 28 Oct. It listed at Rs 1,358 on both BSE and NSE against the issue price of Rs 1,119, a premium of about 21%, as per media reports. In early trade its market capitalisation was around Rs 12.5 lakh crore. Reports say this makes it India’s second most valuable listed firm, behind parent Reliance Industries at roughly Rs 16 lakh crore. Reliance holds about 66.4% in Jio. Some reports also call Jio the largest listed telecom company by market value, ahead of Bharti Airtel. Source: Media reports The Rs 30,213 crore issue, described as India’s largest IPO so far, closed at about 22x overall subscription. QIB demand was around 70x, with nearly 1.4 crore applications. Source: Media reports Reliance shares closed about 3% lower, and the Sensex ended around 0.50% lower. A parent and its subsidiary can move differently after a listing, and index conditions matter too. A strong first day mainly reflects day-one sentiment. Price discovery, volumes and how the stock behaves around its listing levels are worth observing over the coming sessions. A listing premium shows first-day demand, not long-term value; track volumes, price behaviour and fundamentals over time. Disclaimer: This is for educational purposes only and is not investment advice. Please consult your financial advisor before making any investment decisions. SEBI Registered Research Analyst — INH000025212.