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Jio's ₹13 lakh crore debut knocks Airtel off the telecom perch
Jio Platforms listed at ₹1,358 on Wednesday, a 21.36% premium to its ₹1,119 issue price, and closed at ₹1,417.50. Its ₹13.05 lakh crore market value makes it India's second-most valuable company and pushes Bharti Airtel to third. The ₹30,213 crore IPO was subscribed 22.19 times.
Jio Platforms' ₹30,213-crore IPO opens; India's biggest share sale
Jio Platforms' ₹30,213-crore IPO, India's largest share sale, opened for subscription and closes on October 23. The price band is ₹1,065-1,119 and the issue is a fresh sale of up to 27 crore shares. The ₹8,110-crore anchor book was subscribed over 30 times. Listing is expected on October 28.