By delivering over 21% returns, Jio Platforms IPO was the most profitable for allottees among top five mega public issues of India.
Investors who were allotted the minimum lot of 23 shares under the shareholder category would have gained Rs 5,497 based on the listing price of Rs 1,358 per share while the retail investors gained Rs 2,868 per lot of 12 shares.
While Life Insurance Corporation of India, Hyundai Motor India, Paytm saw their shares list at a discount, NSE shares listed at a mere 1% premium.
The blockbuster listing also cemented Reliance Industries' position as India's most valuable business conglomerate, while Jio Platforms overtook Bharti Airtel to become the country's most valuable telecom company by market capitalisation. The milestone was marked by a ceremonial gong strike at the National Stock Exchange of India, attended by members of the Ambani family and senior company executives.
The Rs 8,110-crore anchor investor book also witnessed strong institutional interest, drawing demand of more than Rs 2.5 lakh crore, over 30 times the amount on offer.