India, Oct. 28 -- Jio Platforms made its Dalal Street debut on Wednesday, opening at around Rs.1,357 per share on BSE Sensex and NSE Nifty, up nearly 21.3 per cent from the upper end of the IPO price band of Rs.1,119.

The listing price was broadly in line with the grey market premium (GMP) ahead of the debut, indicating positive investor sentiment.

An initial public offering (IPO) is the process through which a company offers its shares to the public for the first time, allowing investors to buy a stake in the business. Companies typically launch IPOs to raise funds for expansion, repay debt or meet other business needs.

Before the issue opens, the company announces a price band, in Jio Platforms' case it was Rs.1,065 to Rs.1,119 per s...