Jio Platforms listing, October 28: Key numbers

Issue price: Rs 1,119. Listing price: Rs 1,358 (about 21.4% premium).

Issue size: Rs 30,213 crore.

Bids: about 77 billion dollars.

Valuation at listing: about 131.5 billion dollars.

Customers: more than 530 million.

Meyka says the issue was subscribed more than 22 times overall, with institutional investors bidding more than 70 times their quota and retail investors 2.72 times, citing CNBC.

Meyka says about 1.3 crore investors applied and that the offer beat Hyundai Motor India’s Rs 27,859 crore IPO of 2024, citing The Economic Times.

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.

Jio World Centre, Mumbai (file image), Wikimedia Commons, CC BY 4.0