Jio Financial Services (JSF) experienced a lower circuit in its first trading session after listing.

JSF's initial listing price was Rs 265 per share, a slight premium over its derived price on the demerger date.

[{"selector":"#anim-ff2cc956-1493-48e1-99dd-e538276551af","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}]

The market capitalization of JSF corrected to under Rs 1.6 lakh crore from over Rs 1.68 lakh crore at listing.

[{"selector":"#anim-b54c795b-13be-4042-a0a3-c1f68b0496d9","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}]

JSF falls under the 'T' group securities category on BSE, restricting intra-day trading.

[{"selector":"#anim-f7d037ed-1071-431b-ae3d-e83a878d2ce0","keyframes":{"transform":["translate3d(107.14286%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-448b00ce-b418-46cd-afef-99aedc1c47c4","keyframes":{"transform":["rotateZ(180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}]

Shares of JSF were distributed to Reliance Industries shareholders in a 1:1 ratio.

[{"selector":"#anim-d6b379f6-c8b5-4893-8354-acf69d1386d2","keyframes":{"transform":["translate3d(114.20119%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-5a5cf527-2bfd-43e9-885b-643737f0ade6","keyframes":{"transform":["rotateZ(180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}]

The discovered share price of JSF exceeded market estimates on its record date.

[{"selector":"#anim-0ac9b053-90ff-479d-ae42-379cb23e6968","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}]

Jio Financial Services is focusing on merchant and customer lending, leveraging Reliance's retail reach.

[{"selector":"#anim-4ee86b34-734c-441e-938e-70d2b0fd099e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e2245f85-b91a-4327-8877-25248a653828","keyframes":{"transform":["translate3d(100.73350%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

It is part of Nifty and Sensex but will be removed from these indices after its third day of listing.

[{"selector":"#anim-49ea89a9-dbf8-4e8c-9af4-9fb51a4b08a2","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}]

JSF received demerged assets of $2.5 billion, potentially supporting a significant loan book over time.

[{"selector":"#anim-e8159279-1ceb-4736-97f0-5680e4f00d1a","keyframes":{"transform":["translate3d(104.21052%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-8b8cc8c0-21b2-4785-9dc6-737c3c7697f9","keyframes":{"transform":["rotateZ(180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}]