From mint · Vaamanaa Sethi · · 1m 10s
Reliance Jio IPO GMP Today: Grey Market Trend
Jio Platforms IPO commands ₹253 grey market premium ahead of October 21 subscription opening.
In brief
Jio Platforms IPO commands ₹253 grey market premium ahead of October 21 subscription opening. Jio Platforms IPO shares expected to list at ₹1372, 22.61% above ₹1119 IPO price band. Originally reported by mint.
Jio Platforms IPO Timeline
The Jio Platforms IPO will remain for bidding till Friday, 23 October, with shares likely to be listed on Wednesday, 28 October, on both BSE and NSE.
Subscription Opening Date
The Jio Platforms IPO will open for subscription on Wednesday, October 21, and close on Friday, October 23.
IPO Price Band
The IPO price band has been set at ₹1,065, ₹1,119 per share with a face value of ₹10 each.
Grey Market Premium
Jio Platforms IPO is commanding a strong premium in the grey market at ₹253 as per Investorgain.
Listing Price Prediction
The estimated listing price of Jio Platforms IPO is likely to be ₹1372, 22.61% higher than the IPO price band of ₹1119.
IPO Size Comparison
The Jio Platforms IPO is set to surpass Hyundai Motor India's ₹27,800-crore public issue, becoming India's largest IPO by issue size.
What matters most
Jio Platforms IPO shares expected to list at ₹1372, 22.61% above ₹1119 IPO price band.
