Reliance Industries’ (RIL) share price surged as much as 2.85 per cent to a high of Rs 1,209.50 on the NSE after its subsidiary, Jio Platforms, announced the price band for its upcoming initial public offering (IPO). The country’s most valued stock’s market capitalisation rose to Rs 16.33 lakh crore, with as much as 8.65 lakh shares changing hands over the counter.