Jio IPO Sees Strong Grey Market Activity Ahead of Listing
Mumbai, October 26: Jio Platforms is witnessing significant activity in the grey market as investors eagerly await the listing of its IPO. Currently, shares are trading at ₹1,366 in the grey market, reflecting a premium of ₹247 over the upper price band of ₹1,119 set for the IPO. This represents a potential gain of 22.07% for investors.
Investors are closely monitoring the grey market signals, which indicate a strong demand for the shares. The grey market premium suggests that if this trend continues, investors could see a positive start upon listing.
The IPO consists of 12 shares per lot, with the total cost for one lot amounting to ₹13,428. Based on the current grey market price, the estimated listing value could reach ₹16,392, resulting in a potential profit of ₹2,964 for investors who secure a lot.
The listing of Jio Platforms shares is scheduled for October 28 on the NSE and BSE, with allotments expected to be finalized on October 26. Investors who do not receive shares will likely see refunds starting October 27.
The Jio IPO has garnered immense interest, being oversubscribed by more than 22 times within three days. The subscription levels across various investor categories indicate strong institutional support, particularly with qualified institutional buyers (QIBs) subscribing 70.55 times.
This IPO, valued at ₹30,213 crores, has become one of the largest in Indian stock market history, surpassing Hyundai Motor India’s previous record of ₹27,870 crores set in 2024. The overwhelming response is evident, as the issue was fully subscribed within just 100 minutes of opening, receiving approximately 1.4 crore applications.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
