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.

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

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

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

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

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

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

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

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