Jio Platforms became the 12th company from the Reliance Industries Group to list on the National Stock Exchange (NSE) on Wednesday, October 28, NSE Managing Director and CEO Ashishkumar Chauhan said at the company's listing ceremony.
Welcoming Jio Platforms to the exchange, Chauhan said it was the 3,138th company to list on NSE, further strengthening India's growing ecosystem of listed enterprises.
He highlighted NSE's longstanding relationship with Reliance Industries, which has been part of the benchmark Nifty 50 index since its inception.
Chauhan said Jio Platforms' IPO attracted overwhelming investor interest, receiving close to one crore applications on NSE alone. He cited an overall subscription of 12.45 times on the exchange.
Jio Platforms, the telecom and digital services arm of Reliance Industries, finalised its IPO issue price at Rs 1,119 per share, implying a valuation of approximately Rs 10.3 lakh crore.