Jio Platforms IPO draws record ₹2.50 lakh crore institutional demand

The highly anticipated Jio Platforms Initial Public Offering (IPO) is scheduled to commence subscriptions, with market observers keenly monitoring its grey market premium (GMP) prior to the official launch. The IPO, valued at Rs 30,213 crore, is set to become India's largest public issue, potentially surpassing Hyundai Motor India's Rs 27,800 crore IPO from October 2024.

The subscription process for Jio Platforms' IPO will span three days, from October 21 to October 23, 2026. The company anticipates allotment on October 26 and intends to list its shares on the stock exchanges on October 28, 2026. The grey market premium, currently at Rs 250 per share, indicates a possible listing gain of around 22.34 percent over the upper price band.

The IPO price band has been set between Rs 1,065 and Rs 1,119 per equity share, with each share bearing a face value of Rs 10. The entire capital will be raised through the issue of new shares rather than the sale of shares held by existing shareholders. Retail investors are required to apply for a minimum of one lot, consisting of 12 shares. At the upper price band, investing in one lot would necessitate a minimum of Rs 13,428.

It is important to note that grey market premiums are informal indicators and do not guarantee actual listing gains. Investors should approach these estimates with caution, as grey market premiums can fluctuate rapidly based on market conditions and demand.