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Jio Platforms IPO Indicates 22 Percent Profit with GMP at Rs 245
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News18•21-10-2026, 11:45
Jio Platforms IPO Indicates 22 Percent Profit with GMP at Rs 245
- •The Grey Market Premium for the Jio Platforms IPO stands at Rs 245, indicating a potential profit of nearly 22 percent upon listing.
- •Subscription for the IPO begins on Wednesday, October 21, and will close on Friday, October 23.
- •With an upper price band of Rs 1,119 and a Rs 245 GMP, the estimated listing price could reach Rs 1,364.
- •Jio Platforms aims to raise Rs 30,213 crore through this public issue, making it India's largest IPO.
- •The anchor book saw massive demand with bids worth nearly Rs 2.5 lakh crore received for an allocation of Rs 8,110 crore.
Key Questions Answered
The Jio Platforms IPO subscription opens for the public on Wednesday, October 21, 2026, and closes on Friday, October 23, 2026. The price band for the public issue has been set between Rs 1,065 and Rs 1,119 per share.
One lot of the Jio Platforms IPO consists of 12 shares. Based on a grey market premium of Rs 245, the potential profit per lot is estimated at Rs 2,940, though grey market indicators are unofficial and do not guarantee final listing prices.
At the upper price band of Rs 1,119 per share, Jio Platforms aims to raise up to Rs 30,213 crore. This makes the offering India's largest-ever initial public offering.
