Jio Platforms listed at Rs 1,358.
The IPO price was Rs 1,119.
The premium was about 21.4%.
The offer was Rs 30,213 crore.
Valuation: about 131.5 billion dollars.
Meyka reports that the stock rose further during the day to close near Rs 1,417.50 on the NSE, about 27% above the issue price, with some reports citing Rs 1,419. This closing figure comes from a single outlet, and HDFC Sky reports only the opening price.
The day’s high was about Rs 1,424 and the low about Rs 1,357, according to Meyka. These are approximate figures.
About 19.4 crore shares were traded on both exchanges, and combined turnover was Rs 26,571 crore, according to Meyka, citing CNBC-TV18.
Meyka puts the market value at close at about Rs 13 lakh crore, against about Rs 15.7 lakh crore for Reliance Industries, without naming a source for these figures.
The Sensex fell 352.64 points to 73,246.03 and the Nifty 50 fell 50.90 points to 22,698.85 on the same day, according to HDFC Sky.
Brent crude climbed above 115 dollars a barrel after an attack on a Saudi Arabian refinery, and investors waited for the US Federal Reserve’s policy decision, according to HDFC Sky.
The rupee closed 11 paise weaker at 95.23 against the US dollar, according to the same report.
Reliance Industries was among the laggards in the Nifty 50, according to HDFC Sky’s description, though its ticker data conflicts with the text.
A listing premium is the amount by which the shares open above the IPO price, and it does not guarantee later gains.
An initial public offering is the first sale of shares of a company to the public, after which the shares trade on the exchanges.
The reports reviewed did not give grey market or analyst targets for the stock after the listing.
Jio World Centre, Mumbai (file image), Wikimedia Commons, CC BY 4.0
