India, Oct. 28 -- Shares of Jio Platforms, the telecom and digital services arm of Reliance Industries, listed at Rs.1,358 apiece on the BSE and the NSE, a 21.36% premium to the issue price of Rs.1,119.

The debut gave the company a market capitalisation of Rs.12.5 Lakh Cr (about $131 Bn) as against the Rs.10.3 Lakh Cr (about $108 Bn) capitalisation at the issue price.

The listing follows India's largest IPO, which was subscribed 22.19X when bidding closed on October 23. Jio Platforms had set a price band of Rs.1,065-Rs.1,119 per share for the Rs.30,213 Cr offering.

The IPO comprised a fresh issue of up to 27 Cr equity shares, with no offer-for-sale component.

Ahead of the public issue, Jio Platforms raised Rs.8,109.8 Cr from anchor in...