On its first trading day, shares of Jio Financial Services fell.

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When the company started trading on the board, Jio Financial Services' total market

value was above Rs 1.68 lakh crore but has now corrected to less than Rs 1.6 lakh crore.

After being listed on Monday, shares of Jio Financial Services (JSF) reached a lower circuit in their first trading session.

On July 20, the record date of the company's demerger, the stock was listed for Rs 265 per share, a slight premium of more over 1% over its derived price of Rs 261.85 per share.

Jio Finance Services is currently part of both benchmark indices, and will be removed from Nifty and Sensex after the end of the third day of its listing, which is August 24.


Jio Financial Services' total market value reduced to less than Rs 1.6 lakh crore, which was more than Rs 1.68.At the time the company began trading on the board, it was valued at 1.6 lakh crore. The stock is prohibited from intraday trading because it is admitted to trades in the 'T' category of securities on the BSE.

Shares in JFS were credited to eligible Reliance Industries (RIL) shareholders, who received them in a 1:1 ratio, indicating that each Reliance Industries shareholder received one share of the listing-boundJio Finance Services. In comparison to street predictions of Rs 160–170, the revealed share price for JFS on the record date of the corporate event was significantly higher.

Watch as Jio Financial shares decline on the day of its IPO and learn more about their share price, symbol, value, and capital gains tax.

The second-largest and newest financial services company is JioDue to its parent's extensive network of kirana outlets, the largest NBFC in terms of market capitalization is supposed to concentrate aggressively on merchant and

customer loans. Reliance Industries has a total of 18,446 stores as of the end of June, with 26.7 crore registered customers.


After the third day of its listing, on August 24, Jio Finance Services would no longer be included in the two benchmark indices Nifty and Sensex. In other circumstances, however, the exclusion date would be postponed. According to Abhilash Pagaria of Nuvama Institutional Equities, the counter may experience passive outflows.