Jio Platforms’ Rs 12.5 lakh crore debut marks a new milestone in the Ambani family’s wealth creation journey, tracing Reliance’s evolution from its Rs 10 crore IPO in 1977 to a digital technology giant.

Jio Platforms' listing signifies a new chapter in shaping India's digital future, bringing increased responsibilities and expectations. Akash Ambani emphasized the company's commitment to connecting unconnected Indians with transformative technology. He noted the role of JPL in making data accessible and affordable for millions of Indians. The mission will focus on advancing digital services, including artificial intelligence and cloud technologies.

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 ratings.

Jio Platforms has received its first Buy recommendation ahead of its stock market debut, with Nomura setting a target price of Rs 1,340, implying 20% upside from the issue price of Rs 1,119. The brokerage cites Jio’s leadership in wireless subscribers, data traffic and home broadband, adding that its listing could support steady tariff hikes and drive monetisation.

In a landmark event, Jio Platforms' shares are set to launch in the stock market today after a historic IPO. The exceptional investor demand is underscored by a strong grey market premium, signaling optimistic initial pricing. Market analysts foresee that Jio's vast subscriber network and future expansion capabilities will drive further interest.

Bandhan Bank has denied reports of acquisition-related discussions with First Abu Dhabi Bank, calling its reference in a news report factually "incorrect". The lender said it was not involved in any such discussions or proposal.

Jio Platforms is gearing up for a groundbreaking debut on October 28, following a remarkable Rs 30,188 crore IPO. Historical insights indicate a varied trajectory for past mega IPOs in India. The overwhelming demand is evident from Jio's impressive 22.19 times oversubscription. Analysts are weighing Jio's market dynamics and valuation as they predict potential listing advantages, with investor strategies hinging on both immediate valuations and sustained business growth.

Jyoti Structures has announced new orders worth Rs 949.35 crore from Power Grid Corporation of India. These orders are for the construction of HVDC transmission lines in Rajasthan, specifically under the Bipole Barmer-II and South Kalamb projects. The company is responsible for supplying, erecting, testing, and commissioning these transmission lines. Both project packages are expected to be completed within 38 months following the notifications of award.

Senco Gold Ltd has signed agreements to acquire a significant 68 per cent stake in August Jewellery Pvt Ltd. This investment, which amounts to Rs 68 crore, is set to be completed by February 2027. The acquisition will increase Senco Gold's overall ownership in August Jewellery to 79 per cent. Funds from this acquisition will support the company's growth and help settle existing liabilities.

Jio Platforms raised about $3.1 billion through its record IPO, but intense competition among investment banks kept fees relatively low at around 0.65% of the issue size.

Subscriptions for Indian billionaire Mukesh Ambani's first IPO in two decades surged further on the final day of bidding on Friday, as investors bet on Jio Platforms' $

UBS AG has exercised all warrants allotted by 360 ONE WAM, resulting in the allotment of 20.5 million equity shares representing approximately 4.8% stake in the wealth and asset management firm.

The IPO attracted bids for 17,78,637 equity shares against 1,20,83,331 shares on offer, according to the NSE data.

Carlsberg is preparing to publicly file for a potential $700 million IPO of its Indian business, with investor roadshows expected next week and a possible December launch. The proposed offering would involve a secondary share sale, as India’s IPO market gains momentum. Carlsberg India holds approximately 22% market share.

The IPO comes against the backdrop of a business that combines large scale connectivity with proprietary technology and a growing digital services operation.

OYO parent PRISM is reducing the size of its planned IPO due to strong cash generation and an improved balance sheet. Initially targeting Rs 6,650 crore, the new cap is set at Rs 3,350 crore. The revised amount aims to address the company's funding needs while keeping its capital structure efficient. Most proceeds from the IPO will be allocated to pay down debt.

EAAA India Alternatives Ltd will open its initial public offering worth Rs 1,200 crore on October 26. The IPO will close for subscription on October 28, following anchor investor bidding on October 23. This offering is entirely an offer for sale from the Edelweiss Group with no fresh issue component. Additionally, SEC Environmental Technologies Ltd plans to launch its IPO on October 27.

The investors included Abu Dhabi Investment Authority, BlackRock Global Funds, Eastspring Investments, Government Pension Fund Global, Natixis International Funds, Integrated Core Strategies (Asia) and Citigroup Global.

Life Insurance Corporation of India (LIC) received the largest individual allocation in the anchor book of Jio Platforms Ltd's initial public offering (IPO), with shares worth nearly Rs 500 crore allotted at Rs 1,119 apiece, according to the exchange filing.

Jio Platforms Limited's Rs 8,110-crore anchor book has attracted aggregate institutional demand of over Rs 2.5 lakh crore, marking the first time an Indian initial public offering (IPO) has crossed this milestone.