The demerged arm of Reliance Industries, Jio Financial Services got listed on the BSE at Rs.265, which is not too far from its discovered price of Rs.261.85.
A month ago, on 21st July the stock exchanges had conducted a special pre-open session for the demerged entity in which the discovered price for the stock worked out to be Rs 261.85. It has since then slumped to its 5% LC at Rs.251.75.
Market cap currently stands at Rs.1.60 lakh crore.
The equity shares allotted were credited to the demat account of the shareholders on August 10, 2023 and shall remain frozen in the depository system till listing/ trading permission is granted by BSE.