Join our Waitlist for Expert Advice!

Jio Financial Services Lists on BSE and NSE The IPO consists of 6,35,32,84,188 Equity shares of INR 10 each allotted pursuant to the Scheme of Arrangement.

By Paromita Gupta

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

X- BSE

Jio Financial Services Ltd, the demerged financial services arm of Reliance Industries, today announced its listing date and debuted on the stock exchanges.

JFSL was listed on the BSE at a share price of INR 265 and on the NSE at INR 262.

The IPO consists of 6,35,32,84,188 Equity shares of INR 10 each allotted pursuant to the Scheme of Arrangement.

On August 18, BSE notified that the equity shares of Jio Financial Services Ltd (Formerly known as Reliance Strategic Investments Limited) will be listed and admitted to dealings on the Exchange in the list of T Group of Securities.

As part of the demerger, it was announced that RIL shareholders would be receiving one share of Jio Financial Services for holding one share of Reliance. Jio Financial Services will be operating in the NBFC and credit markets and has plans to expand into insurance, digital payment, and asset management segments.

At the time of publishing, the share price on BSE and NSE dipped to INR 251.75 and 248.90. Its m-cap on BSE and NSE sat at 1.59 lakh crore and 1.58 lakh crore, respectively. With this, JSFL becomes India's 33rd largest listed company. And in the NBFC segment, it's third just behind Bajaj Finance and Bajaj Finserv.

"JFSL will go with the India story and the story of being a digital-first institution," said KV Kamath, JFSL's non-executive chairman at the listing ceremony.

The listed company will temporarily be added to Nifty50 along with 18 other indices of NSE without replacing other stocks. It has also been added to 18 of S&P BSE indices including S&P BSE Sensex.

Paromita Gupta

Entrepreneur Staff

Features Writer with Entrepreneur India

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 
Business News

AI Startups Received $2.9 Billion in Funding Last Quarter. These 3 U.S. Companies Received a Lot of It— And You've Probably Never Heard of Them.

AI was one of the few industries that saw growth in unicorns, or billion-dollar startups, last year.

News and Trends

On-Demand Home Services Startup COOX Raises USD 125K Funding from Inflection Point Ventures

COOX aims to use the new funds to expand from 20 to 40 cities, enhance marketing efforts, and integrate AI technology to improve operational efficiency and scalability.

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

Thought Leaders

These 3 Trends Will Change What It Means to Be an Entrepreneur in 2025

Here are three entrepreneurship trends from the new Global Entrepreneurship Monitor report that are changing the landscape for the future.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.