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Jio Platforms IPO GMP Hits Rs 245 Ahead Of October 21 Opening
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News18•20-10-2026, 09:51
Jio Platforms IPO GMP Hits Rs 245 Ahead Of October 21 Opening
- •Jio Platforms grey market premium stands at Rs 245 per share, pointing to an estimated listing gain of nearly 22 percent.
- •The IPO opens for public subscription on October 21 and will close on October 23, with a price band set at Rs 1,065 to Rs 1,119 per share.
- •The company aims to raise Rs 30,213 crore, making it India's largest initial public offering by issue size.
- •The anchor book saw massive institutional demand, receiving bids worth around Rs 2.5 lakh crore against Rs 8,110 crore on offer.
Key Questions Answered
The Jio Platforms initial public offering will open for public subscription on Wednesday, October 21, and will close on Friday, October 23, 2026, with the minimum retail investment set at Rs 13,428 for one lot of 12 shares at the upper price band.
Jio Platforms has fixed its price band at Rs 1,065 to Rs 1,119 per share and aims to raise approximately Rs 30,213 crore through a fresh issue of 27 crore shares at the upper end of the band.
The Rs 8,110-crore anchor book attracted massive institutional demand on Monday, receiving bids worth around Rs 2.5 lakh crore from 212 anchor investors, which translates to a demand of more than 30 times the amount on offer.
