From The Economic Times · Nikhil Agarwal · · 1m 40s
Jio IPO GMP at 20%: Grey market signals Rs 220 premium
Jio Platforms IPO commands Rs 220 grey market premium, signaling 20% gain before listing.
In brief
Jio Platforms IPO commands Rs 220 grey market premium, signaling 20% gain before listing. Jio Platforms' IPO is expected to list at Rs 1,339 after grey market signals a Rs 220 premium over the upper price band. Originally reported by The Economic Times.
Jio Platforms IPO Details
Jio Platforms' mega Rs 30,200 crore initial public offering is priced at Rs 1,065 - Rs 1,119 per share and scheduled to open on Oct 21.
Grey Market Premium
The grey market signals a Rs 220 premium, implying an indicative listing price of Rs 1,339 at the upper price band.
Brokerage Recommendation
Emkay Global recommends subscribing to the IPO, citing Jio's market leadership and digital growth prospects.
Jio's Market Position
Jio operates India's largest telecom network with 533.3 million customers as of June 2026.
Financial Metrics
Jio's revenue grew at 15.8% CAGR between FY24 and FY26, with EBITDA and profit after tax rising 16.2% and 18.4%.
5G Leadership
Jio has the largest 5G customer base outside China with 284.9 million subscribers as of Q1 FY27.
Technology Investments
Jio filed 7,220 patent applications as of Q1 FY27, including 2,655 in India and 4,565 overseas.
Valuation Metrics
At the upper price band, Jio is valued at 31.7-33.3 times FY26 earnings and 15-15.6 times FY26 EBITDA.
Risks and Concerns
Emkay flagged risks including spectrum costs, regulatory changes, and competitive pressure on ARPU and churn.
Proceeds Allocation
Jio plans to use Rs 27,500 crore of IPO proceeds to repay or prepay borrowings.
The headline
Jio Platforms' IPO is expected to list at Rs 1,339 after grey market signals a Rs 220 premium over the upper price band.
