Jio Financial Services to be listed today: Key details you need to know

Jio Financial Services Ltd (JFSL), a subsidiary of Reliance Industries, debuted on the stock exchanges on Monday, listing at Rs 265, close to the discovered price of Rs 261.85. JFSL began trading at Rs 262 on the NSE, while the price on the BSE stood at Rs 265. The market capitalisation of the NBFC was estimated at Rs 1.66 lakh crore at the time of listing.

The bourse had conducted a special pre-open session for the demerged entity on July 21 in which the discovered price for the stock worked out to be Rs 261.85 and the implied market cap was Rs 1.65 lakh crore.

JFSL stock will be in the trade-to-trade segment for the next 10 sessions. JFSL will primarily operate in the NBFC market and credit market segments and has strategic plans to expand its operations into insurance, digital payment, and asset management verticals.