Stories
Jio IPO Buzzes in Grey Market as GMP Jumps 84 Percent to ₹230
N
News18•18-10-2026, 08:27
Jio IPO Buzzes in Grey Market as GMP Jumps 84 Percent to ₹230
- •The Grey Market Premium of Jio Platforms surged from ₹125 on October 3 to ₹230 by October 16.
- •The IPO price band is fixed between ₹1,065 and ₹1,119 per share, indicating a potential listing gain of 20.6 percent.
- •Jio aims to raise approximately ₹30,213 crore by issuing 27 crore new shares, with the IPO opening on October 21.
- •Global sovereign funds and major mutual houses like SBI and HDFC are showing strong interest in the anchor book.
- •Brokerages including SBI Securities and Swastika Investmart have issued a Subscribe rating for the issue.
Key Questions Answered
The Jio Platforms IPO will open for subscription on October 21, 2026, and close on October 23, 2026, with the anchor investor bidding scheduled for October 19, 2026.
The price band for the Jio IPO has been fixed between ₹1,065 and ₹1,119 per share. Through this public issue, issuing 27 crore new shares, the company aims to raise approximately ₹30,213 crore at the upper price band.
The Grey Market Premium (GMP) of Jio Platforms surged by 84% over two weeks, jumping from ₹125 per share on October 3 to ₹230 per share by October 16, indicating a potential listing gain of about 20.6%.
