Jio Financial Services Listing: Today another company is going to join the business group of India’s richest man Mukesh Ambani. Jio Financial Services Limited (Jio Financial Services), which has been separated after the demerger from Reliance Industries, is going to be listed on the stock exchange today.
For the shares of JSAFL demerged from Reliance Industries, investors got one Jio Financial Services share for every RIL share.
Which investors have got shares of Jio Financial Services Limited?
The last date for receiving the shares of Jio Financial Services was kept on July 19 and on the basis of this, as many shares of Reliance Industries were held by the investors, the same number of shares of Jio Financial Services have been credited in the demat account of the investors till August 10.
Investors of Reliance Industries have received shares of Jio Financial Services in the ratio of 1:1. This morning, after the pre-open session, at 10 am, trading in shares will formally start by ringing the bell on the stock exchange.
Jio Financial Services shares will be listed today – know GMP
On July 20, 2023, special trading was organized to assess the price of Jio Financial’s shares. In this special trading session, the share of Jio Financial Services was stable at Rs 273 on NSE while its price was fixed at Rs 261.85 on BSE.
Now if we talk about its GMP, then it is visible at Rs 50-55 per share and on the basis of this it can be said that the listing of Jio Financial Services shares can be done at a price of Rs 315 or more.
some rules will apply
For the first 10 days, the shares of Jio Financial Services will be kept in the trade-to-trade segment and its shares will have an upper and lower circuit of 5 percent so that investors are not affected by excessive fluctuations in JSFL shares.
The stock will be traded in T-group for the first 10 days, which means it will not be able to trade in intraday for ten days.
