Ambani Family at Jio Listing Ceremony: Mukesh Ambani Receives Mother's Blessing
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Ambani Family at Jio Listing Ceremony: Mukesh Ambani Receives Mother's Blessing

Shares of Jio Platforms, owned by Mukesh Ambani, successfully debuted on the stock market. Despite general market panic, Jio Platforms shares were listed on BSE and NSE with a significant premium of 21%.

The entire Ambani family was present at the Jio Platforms listing ceremony. Photos captured moments where Mukesh Ambani appeared moved, and his mother, Kokila Ben, bestowed her blessing by touching his feet.

During the Jio Platforms share listing, the entire Ambani family was featured in one photograph. Mukesh Ambani and his wife Nita Ambani began the ceremony by lighting a candle, both expressing gratitude to the country's residents and investors with hands clasped in prayer.

At the Jio Platforms ceremony, Mukesh Ambani arrived with his youngest son Anuvant Ambani and Nita Ambani, holding hands. Nita Ambani looked very happy during this event.

Upon arriving at the listing ceremony, Mukesh Ambani first sought the blessing of his mother, Kokila Ben Ambani, by touching her feet. Anuvant Ambani mentioned his mother's words in his speech: 'Mom said Jio is my favorite,' and his grandmother said, 'Jio forever.'

A general enthusiasm from the Ambani family was palpable at the Jio Platforms listing ceremony. Their son Akash Ambani, along with his wife Shloka Ambani and children, was seen dancing joyfully.

Mukesh Ambani's daughter, Isha Ambani, gave a speech during the Jio Platforms listing ceremony. Her husband Anand Piramal was also present nearby, and they appeared together with their daughter in a certain style.

During the Jio listing ceremony, there was a moment when Reliance Industries Chairman, Mukesh Ambani, became very emotional. This occurred when Anuvant Ambani recalled the legacy of Reliance during the Jio stock listing, which brought tears to Mukesh Ambani's eyes.

During the Jio Platforms share listing on the stock market, Mukesh Ambani and his family expressed their joy by applauding. In one frame, Mukesh Ambani, Nita Ambani, and Akash Ambani were seen in such a mood.

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Jio Platforms debuts on the stock exchange with a 21% increase, becoming the second-largest company in the country
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Jio Platforms debuts on the stock exchange with a 21% increase, becoming the second-largest company in the country

Shares of Jio Platforms, owned by Mukesh Ambani, underwent their market debut. Despite overall stock market volatility, Jio Platforms shares were listed at a premium of over 21%. The company's shares were priced at 1358 rupees, exceeding the upper price band of 1119 rupees, providing investors with significant profit in a fragmented market.

Following its listing, Jio Platforms became the second-largest company in the country by market capitalization, trailing Reliance Industries Limited. Jio Platforms shares demonstrated an impressive start on the stock exchange on Wednesday.

On the NSE, Jio Platforms shares were listed at 1358 rupees, representing a rise of 21.40% compared to the IPO price of 1119 rupees. According to grey market premium data, Mukesh Ambani's shares entered the market.

Thanks to this debut, Jio Platforms also became India's largest telecommunications company and ranked second in the country by market capitalization.

As part of the IPO, the lot size for Jio Platforms was set at 12 shares, requiring investors to invest 13,428 rupees per lot. With an upper price band of 1119 rupees and a listing price of 1358 rupees, investors gained a profit of 239 rupees per share.

Considering the return on the entire lot, if an investor invested 13,428 rupees, their amount increased to 16,296 rupees after listing, resulting in a profit of 2868 rupees per lot.

It is worth noting that retail investors could apply for a maximum of 14 lots in the Jio Platforms IPO, which required an investment of 1,87,992 rupees. When calculating the profit for the maximum lot, this amount increased to 2,28,144 rupees after listing, meaning an instant profit of 40,152 rupees.

Jio Platforms IPO becomes the fastest subscribed mega-IPO in India, surpassing Hyundai and LG
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Jio Platforms IPO becomes the fastest subscribed mega-IPO in India, surpassing Hyundai and LG

The IPO of Jio Platforms, owned by Mukesh Ambani, is open to investors who can apply until October 23. On Wednesday, the opening day, the IPO received a very strong response from investors, making it the fastest-subscribed mega-IPO.

The qualified institutional buyer (QIB) category played the biggest role in this. The IPO was fully subscribed in just 100 minutes, at which point the QIB category had achieved more than triple subscription, and this figure continued to rise. By noon, at 3:30 PM, the category reached a subscription rate of 8.01 times.

Thanks to this rapid full subscription, the Jio Platforms IPO set a historical record and entered the list of the fastest-subscribed mega-IPOs launched in India to date. Previously, the largest IPO in India by issue price was Hyundai Motor India, with a volume of 27,870 crore rupees, but it yielded to Jio in terms of subscription metrics. Furthermore, the reaction to Mukesh Ambani's company IPO was significantly faster compared to the IPOs of Bajaj Housing Finance Limited and LG Electronics India Limited.

Regarding the first-day subscription, by approximately 3:30 PM, the QIB category was subscribed 8.01 times, while the NII category received a 1.41-fold subscription. The retail investor category showed a rate of 0.64 times. Employee quotas were also subscribed at 1.21 times, and shareholder quotas at 1.23 times.

The Jio Platforms IPO attracted funds amounting to 30,213 crore rupees in the primary market. The price band was set at 1065–1119 rupees, and the lot size is 12 shares. This offering does not include an Offer for Sale; instead, 270 million new shares are issued to investors.

The company plans to use up to 27,500 crore rupees of the raised funds to repay or prepay debts of its telecommunications subsidiary, Reliance Jio Infocomm. The remaining amount will be allocated to general corporate purposes.

Reliance Jio IPO to open on October 21; Isha and Akash Ambani discuss the company's vision
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Reliance Jio IPO to open on October 21; Isha and Akash Ambani discuss the company's vision

The Reliance Jio IPO is scheduled to open to investors from October 21 to October 23. This event marks a continuation of the legacy started by the founder of Reliance Industries, Dhirubhai Ambani, with his historic IPO in 1977, almost five decades later.

The third generation continues this tradition. Isha Ambani and Jio Chairman Akash Ambani discussed the company's mission and its contribution to India's digital development. According to available data, Jio has over 530 million subscribers.

Experts believe that this IPO will become a new chapter in the history of the Indian stock market.

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