Jio is expected to reach a market capitalisation of over Rs 10 lakh crore.

Jio Platforms today made a blockbuster debut at the stock exchanges with a premium of over 21 per cent and went on to become India’s second most valuable firm by market capitalisation. The stock started trading at Rs 1,358, clocking a jump of 21.36 per cent from the issue price of Rs 1,119 on both the BSE and NSE.

Record response to IPO : Earlier, its Rs 30,213-crore IPO drew Rs 7.3 lakh crore in bids, the biggest-ever investor response to a public issue in the country. Subscribed 22.19 times, it signalled a massive appetite for shares of the Mukesh Ambani-led telecom-to-digital conglomerate.…