Jio Platforms lists at 21.36% premium even as Indian markets retreat

Dubai: Jio Platforms shares debuted at Rs1,358 apiece on the NSE and BSE on October 28. The listing came at a 21.36 per cent premium to the Rs1,119 issue price, a gain of Rs 239. For those in the UAE, that converts to about Dh52.8 against Dh43.5 at issue. At Rs 12.6 lakh crore, Jio Platforms becomes India's second most valuable company after Reliance Industries.The Ambani family marked the moment together with Mukesh Ambani, his wife and children all present at the opening bell ringing ceremony. Akash Ambani thanked investors for their support and also for the thumping response the IPO received in its bidding stage as the issue sold out in 95 minutes. Isha Ambani chimed in saying “Today is not a finish line, it's a promise”. Anant Ambani, the younger of the siblings spoke first, moving his father to tears. “Today the bell at the exchange will ring for me like a temple bell,” he said.