From The Economic Times · Kumar Gaurav · · 2m
Jio IPO Price Band Announced
Jio Platforms' IPO price band and timeline spark investor interest as grey market premium hits 20%.
In brief
Jio Platforms' IPO price band and timeline spark investor interest as grey market premium hits 20%. Jio Platforms' telecom arm announced an IPO price band of Rs 1,065-1,119 per share, with a potential listing gain of 20% for investors. Originally reported by The Economic Times.
Jio Platforms Announces IPO Price Band
Reliance Industries' telecom and digital-services arm filed its red herring prospectus on October 14, fixing the price band at Rs 1,065-1,119 per share.
IPO Expected to Raise Rs 30,213 Crore
At the upper end, the company could raise around Rs 30,213 crore through a fresh issue of up to 27 crore equity shares, making it potentially India’s largest-ever IPO.
Grey Market Premium Hits 20%
The grey market premium (GMP) climbed to Rs 220 soon after the announcement, implying a premium of nearly 20% over the upper end of the price band at Rs 1,119.
IPO Subscription Dates Set
The public issue will open for subscription on October 21, 2026, and close on October 23, with the allotment expected to be finalised on October 26.
Listing Scheduled for October 28
The shares are tentatively scheduled to list on the NSE and BSE on October 28.
Potential Listing Gain for Investors
If the premium holds until listing, it would indicate a potential listing gain of nearly 20% for investors allotted shares at the upper end of the price band.
GMP Trend Indicates Continued Interest
Jio IPO GMP has risen from Rs 148 on October 4 to Rs 220 in the latest reading, after touching Rs 218 on October 13.
GMP as Unofficial Indicator
The GMP is an unofficial indicator of investor sentiment towards an IPO and is based on transactions in the unregulated grey market before shares are listed on the stock exchanges.
Investor Caution on GMP
While a rising GMP may indicate expectations of listing gains, it does not guarantee the actual listing price or returns investors may earn.
The headline
Jio Platforms' telecom arm announced an IPO price band of Rs 1,065-1,119 per share, with a potential listing gain of 20% for investors.
