Reliance Jio IPO listing on Oct 28: Will Mukesh Ambani's firm be in top 5 m-cap? RIL to hold top spot
New Delhi, Oct. 24 -- As Jio Platforms Initial Public Offering (IPO) closed with bumper subscription, investors are now eagerly awaiting the share allotment results ahead of its scheduled listing next week.
Backed by Mukesh Ambani's Reliance Industries Limited (RIL), the IPO generated huge buzz during its subscription period. But where could the telecom giant be bound to stand post listing in terms of market capitalisation? Let's find out.
Based on the IPO's upper price band and post-issue share count, Jio Platforms is estimated to hold post issue market capitalisation of Rs.10.30 lakh crore. With this, Jio can comfortably stand in the list of top five companies in terms of market capitalisation on BSE. Investors must note that market c...
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