Stories
Jio IPO Roars In Grey Market With 22 Percent Profit Signal
- •The Grey Market Premium for Jio Platforms IPO reached ₹251 per share on October 19.
- •Market watchers indicate a potential listing gain of 22.43 percent above the IPO upper price band.
- •Investors applying for a lot of 12 shares could make an estimated profit of around ₹3,012.
- •Bidding for Jio Platforms anchor investors begins on Monday, October 19.
- •Subscription for the public issue will open on October 21 and close on October 23.
Key Questions Answered
As of October 19, the Grey Market Premium for Jio Platforms' IPO reached ₹251 per share, signaling a potential listing gain of 22.43 percent above the upper price band of ₹1,119. This points to an estimated listing price of ₹1,370 per share, meaning investors applying for a lot of 12 shares could potentially see a profit of around ₹3,012.
Bidding for anchor investors opens on Monday, October 19, while the public subscription for general investors opens on October 21 and closes on October 23. Global and domestic institutional investors have shown strong interest in applying for allotments in the anchor book.
SBI Securities noted that at the upper price band, the issue is valued at a post-issue FY26 P/E multiple of 34.4x and an EV multiple of ₹20,117 per subscriber, reflecting its scale, revenue growth, and long-term earning potential. Additionally, Swastika Investmart recommended subscribing due to expected ARPU growth driven by better pricing discipline in India's telecom sector.
