Jio Platforms delivers biggest listing gain among India’s 5 largest IPOs, jumps 21% on debut

Jio Platforms shares listed at a 21.35% premium to the IPO price of Rs 1,119, delivering the biggest listing-day gain among India’s five largest IPOs by issue size. Brokerages Nomura, Motilal Oswal and Elara Capital initiated coverage with Buy ratings, citing tariff hikes, subscriber monetisation and digital services growth.