Overview
- Jio Platforms made its trading debut on Wednesday, October 28, listing on the BSE and NSE around ₹1,357–₹1,359 per share, roughly a 21.3% gain from the ₹1,119 issue price.
- The company raised about ₹30,213 crore (≈$3.2 billion) from an all‑fresh issue of roughly 27 crore shares that was oversubscribed about 22.19 times when bidding closed.
- Proceeds will be used mainly to prepay ₹27,500 crore of borrowings at Reliance Jio Infocomm, a move the company says will cut debt and strengthen cash flow.
- The listing values Jio Platforms near ₹12.5 lakh crore and leaves Reliance Industries as the majority holder (about 66%), with Meta and Google retaining significant stakes.
- Analysts welcomed the debut but flagged that future returns depend on execution of digital services, sustained ARPU gains, lower 5G capex and regulatory risks such as spectrum and licensing rules.