Jio Platforms lists at ₹1,358 after ₹7 lakh crore in bids
In short
Jio Platforms listed on October 28 at ₹1,358, which was 21.36% above its ₹1,119 issue price. The IPO drew ₹7 lakh crore in bids.
This matters because the strong debut pushed Jio Platforms into the $100 billion-plus IPO club with Meta, Alibaba and SpaceX. The report does not say how the stock will trade next or what the long-term valuation will be.
What the reporting says
Jio Platforms listed on October 28 at ₹1,358, a 21.36% premium to its ₹1,119 issue price, after attracting ₹7 lakh crore in bids. The CNBC TV18 summary says the company joined Meta, Alibaba and SpaceX in the $100 billion-plus IPO club, but it does not state the final post-listing valuation in this extract or any longer-term market outcome. The debut was clearly strong, with valuation implications still to be confirmed in fuller reporting.
Why it matters
Jio Platforms listed on October 28 at ₹1,358, 21.36% above its ₹1,119 issue price, after receiving ₹7 lakh crore in bids. The report says this puts it alongside Meta, Alibaba and SpaceX in the $100 billion-plus IPO club. The event signals very strong demand for the offering, though the lasting valuation and follow-through in trading are not stated in the supplied summary.