Jio Financial Services Listing: Shares of Jio Financial Services Limited have been listed today. Find out the determined price for each share.
Jio Financial Services Listing
Separating from Reliance Industries, Jio Financial Services Limited’s stock has been listed on the stock exchange today. Shares of Jio Financial Services Limited are listed at ₹265 per share on the Bombay Stock Exchange (BSE) and at ₹262 per share on the National Stock Exchange (NSE). Today is significant for investors awaiting the listing of Jio Financial Services Limited (JSFL) shares.
At What Price Did Jio Financial Services Limited Shares Settle In Pre-Opening?
In the pre-opening session, JSFL’s share settled at ₹265 per share on the BSE. Similarly, in the pre-opening session, JSFL’s share settled at ₹262 per share on the NSE.
How Is JSFL Performing In The Initial Trading?
JSFL’s shares have seen a 5% decline in early trades, triggering a lower circuit. On the NSE, JIO FIN’s rate is ₹249.05 per share, with a decrease of ₹12.95 or 4.94%. Additionally, on the BSE, JIO FIN’s rate is ₹251.75 per share, with a decrease of ₹13.25 or 5%.
Reliance Industries Investors Were Allocated JSFL Shares
Investors of Reliance Industries were allotted shares of Jio Financial Services Limited. Through a 1:1 ratio, these shares were allocated to investors in the demerger from RIL. For the next 10 trading days, these shares will be traded in the trade-to-trade segment, meaning shares will be bought and sold only on a delivery basis. In the next 10 trading days, intra-day trading will not be allowed for these shares.
JSFL Did Not Receive A listing Premium According To GMP
After the demerger, the price of JSFL shares, which was ₹261.85 per share in the special session on July 20, is now close to the same price for JSFL’s listing by JSFL. Investors had high hopes for a substantial premium for the listing of JSFL shares today, but according to GMP, there wasn’t a significant increase in its shares. In fact, in the initial trading, investors could acquire these shares at a lower cost.