Jio IPO GMP today: Grey market signals over 22% listing gains; check allotment, listing date
The issue, which closed for subscription on October 23, received an overwhelming response from investors, with the overall subscription reaching 22.19 times the shares on offer. The offering has also become India’s largest-ever IPO, surpassing Hyundai Motor India’s Rs 27,870-crore issue in 2024.
The grey market for Jio Platforms shares is signaling positive expectations for its upcoming IPO listing, with unofficial market activity indicating potential gains of over 22% for allotted shareholders. The initial public offering (IPO) raised significant interest, with subscription reaching 22.19 times the shares offered, marking it as the largest IPO in India.
The Jio Platforms IPO closed for subscription on October 23, leading investors to focus on the allotment process, expected on October 26, with shares likely to be credited to demat accounts by October 27. The shares are slated to debut on the BSE and NSE on October 28, with the current grey market premium of Rs 250 per share above the IPO price band suggesting an indicative premium of 22.34%.
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