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via economictimes.indiatimes.comCapital Markets

Jio Platforms lists at 21% premium over IPO price

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Jio Platforms made a strong stock market debut, listing at a 21.36% premium over its IPO price of Rs 1,119. The Rs 30,200 crore issue attracted over 1.38 crore applications and was subscribed 22.2 times. Nomura, Motilal Oswal and Elara Capital have initiated coverage with Buy…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA strong debut of a large IPO can shape sentiment in the Indian market and telecom sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Jio Platforms listed at a 21.36% premium over its IPO price of Rs 1,119.
  2. 02The Rs 30,200 crore issue was subscribed 22.2 times.
  3. 03Nomura, Motilal Oswal and Elara Capital initiated coverage with Buy ratings.

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