Jio Platforms, which launched India’s largest-ever IPO at Rs 30,188 crore, set another record with its Dalal Street debut on Wednesday, delivering the highest listing-day gain among the country’s five largest IPOs by issue size and outpacing the National Stock Exchange of India (NSE).
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Jio shares listed at Rs 1,358 apiece on the NSE, a premium of 21.35% over the IPO price of Rs 1,119. The IPO attracted cumulative investor demand of Rs 7.4 lakh crore and more than 1.38 crore applications, setting benchmarks for issue size, institutional bidding, investor demand and participation in the primary market.
