StartupsInc42about 1 hour ago
Jio Platforms Lists At 21.36% Premium
2 min read
Jio Platforms shares listed at ₹1,358, a 21.36% premium to the ₹1,119 issue price, creating a ₹12.5 Lakh Cr market cap. The IPO raised ₹30,213 Cr with 22.19X subscription. Jio plans to use ₹27,500 Cr to prepay Reliance Jio Infocomm borrowings while expanding into cloud and AI services.
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