Jio becomes India’s most widely held stock on IPO debut
In short
Jio Platforms became India’s most widely held listed stock on listing day, with 79.6 lakh shareholders. The IPO drew over 1.38 crore applications and started with a market value of Rs 12.53 lakh crore.
It now has more shareholders than Tata Motors Passenger Vehicles, Reliance Industries and Vodafone Idea. The source does not say how the stock traded after debut.
What the reporting says
Jio Platforms has become India’s most widely held listed stock on its listing day, with 79.6 lakh shareholders after its IPO. The company reportedly drew over 1.38 crore applications and debuted at a market capitalisation of Rs 12.53 lakh crore, overtaking Tata Motors Passenger Vehicles, Reliance Industries and Vodafone Idea in shareholder count. The source does not give a post-listing trading performance beyond that debut.
Why it matters
Jio Platforms became India’s most widely held listed stock on its listing day, with 79.6 lakh shareholders after a blockbuster IPO that reportedly drew more than 1.38 crore applications. The debut market capitalisation was Rs 12.53 lakh crore, and the company overtook Tata Motors Passenger Vehicles, Reliance Industries and Vodafone Idea in shareholder count. The source does not provide post-listing price action.