ECONOMYMint Markets · 2 hours agoLive
Reliance Jio IPO listing on Oct 28: Will Mukesh Ambani's firm be in top 5 m-cap? RIL to hold top spot
Reported by Mint Markets, not nibnow. We are not the publisher of this story, only the source is.
WHY IT MATTERS
The IPO’s massive subscription and potential to rank among India’s top five market‑capitalisation companies could shift investor sentiment and market dynamics.
WHAT HAPPENED
Jio Platforms’ IPO was subscribed 22.19 times, with allotment expected on October 26. Based on its upper price band and post-issue share count, the company is estimated to have a market capitalisation of ₹10.30 lakh crore, potentially placing it among the BSE’s top five companies.
KEY CONTEXT
An IPO (initial public offering) is when a private company sells shares to the public for the first time, and the resulting market capitalisation determines its size ranking on stock exchanges like the BSE.
WHAT TO WATCH
- •Allotment of shares on October 26
- •Listing of Jio Platforms on October 28
- •Subsequent share‑price performance and its impact on the BSE’s top‑five rankings
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