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India · Updated 28 Oct, 10:05 am IST

Jio Platforms lists 21.36% above IPO price, values at ₹12.5 Lakh Cr

Image: Inc42

Why it matters for readers: It's a major Indian IPO that set a high public valuation for a well-known tech and telecom company.

  • Jio Platforms listed at ₹1,358, 21.36% higher than the IPO issue price of ₹1,119.1
  • The listing values Reliance’s telecom and digital arm at approximately ₹12.5 Lakh Crore (about $131 billion).1
  • The IPO of ₹30,213 Crore was subscribed 22.19 times when bidding closed.1
  • About ₹27,500 Crore of the IPO proceeds will be used to prepay borrowings of Reliance Jio Infocomm.1
  • Anchor investors included domestic mutual funds and global investors such as BlackRock and Abu Dhabi Investment Authority.1
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