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Jio IPO GMP: Strong Anchor Demand And Bullish Brokerage Boost Grey Market Sentiment
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News18•19-10-2026, 22:01
Jio IPO GMP: Strong Anchor Demand And Bullish Brokerage Boost Grey Market Sentiment
- •The much-awaited IPO of Jio Platforms Limited opened for anchor investors, receiving massive institutional interest with bids exceeding 30 times the 8,110 crore rupee anchor book.
- •Unlisted shares of the Jio IPO are creating a storm in the grey market, with the GMP trading at a premium of 260 rupees, indicating a potential listing gain of over 23 percent.
- •The company has set a price band of 1,065 to 1,119 rupees per share, aiming to raise approximately 30,213 crore rupees through a completely fresh issue of 27 crore shares.
- •The IPO is scheduled to open for public subscription on October 21 and will close on October 23, with a lot size of 12 shares fixed for retail investors.
- •Major brokerage houses including SBI Securities and Swastika Investmart have issued a Subscribe rating, citing strong long-term earnings potential and digital economy leadership.
Key Questions Answered
The Jio Platforms IPO will open for public subscription on October 21, 2026, and will close on October 23, 2026, while the anchor investor bidding took place on October 19, 2026.
The company has set a price band of ₹1,065 to ₹1,119 per share for the IPO and aims to raise approximately ₹30,213 crore by issuing 27 crore new equity shares.
A lot size of 12 shares has been fixed for retail investors in the Jio Platforms IPO, with a face value of ₹10 per share.
