Stories
Jio IPO: Jio may give 15-20 percent return on listing
- •Market experts foresee an initial gain of around 15 to 20 percent on the listing of Jio Platforms IPO.
- •The grey market premium or GMP has surged by 84 percent, indicating strong future returns for investors.
- •Brokerage firms like Prabhudas Lilladher and Swastika Investmart have given a subscribe rating to the IPO.
- •The heavy investment phase on the 5G network is largely complete, leading to better free cash flow for the company.
- •Home broadband, enterprise, cloud, AI, and international expansion are considered the next major growth drivers.
Key Questions Answered
Jio Platforms set a price band of Rs 1,065 to Rs 1,119 per share for its initial public offering, aiming to raise up to Rs 30,213 crore at the upper end of the price band. The public subscription opens on October 21 and closes on October 23, 2026.
The grey market premium for Jio Platforms shares surged by about 84 percent in less than two weeks. On October 16, 2026, the GMP reached Rs 230 per share, up from Rs 125 on October 3, indicating a potential listing premium of over 20 percent.
Market analysts and brokerage firms highlight home broadband, enterprise services, cloud solutions, artificial intelligence, and international expansion of its in-house technology stack as Jio's next major growth drivers. Additionally, the completion of its heavy 5G investment phase has significantly reduced capital expenditure.
