Jio Platforms made a strong debut on the exchanges on Wednesday, listing at a premium of 21.36 percent over its issue price of Rs 1,119 per share. The shares listed at Rs 1,358 per share, marking a gain of Rs 239 per share. The listing valued the company at around Rs 12.6 lakh crore, making it the second most valuable Indian company. At the listing price of Rs 1,358 per share, investors across categories made gains based on their respective lot sizes.

Retail investors, who were allotted a lot of 12 shares, made a listing gain of Rs 2,868. Small HNIs, with a lot size of 23 shares, gained Rs 5,497 at listing. Big HNIs, allotted a lot of 180 shares, made a listing gain of Rs 43,020. The gains were calculated based on the difference between the issue price of Rs 1,119 and the listing price of Rs 1,358 per share. Jio has also overtaken Bharti Airtel in terms of market capitalisation to become the most valuable telecom company in the country.

By delivering over 21% returns, Jio Platforms IPO was the most profitable for allottees among top five mega public issues of India. While Life Insurance Corporation of India, Hyundai Motor India, Paytm saw their shares list at a discount, NSE shares listed at a mere 1% premium.