Stories
IPO GMP: Jio Platforms Sees Rise in GMP With Strong Premium Expectations Across 5 Issues
- •Jio Platforms IPO GMP has risen to Rs 224, indicating a potential listing premium of around 20 percent.
- •Tonbo Imaging India maintains a stable GMP, signaling a strong listing premium of up to 71 percent.
- •Other active issues including Bonfiglioli Transmissions, Zetwerk Manufacturing, and Sahajanand Medical Technologies are also expected to list at a premium.
- •Market experts advise investors to base their investment decisions on company fundamentals and valuations rather than relying solely on the volatile grey market premium.
Key Questions Answered
The Jio Platforms IPO will remain open for subscription from October 21 to October 23, with anchor investor bidding scheduled for October 19. The company has set a price band of Rs 1,065 to Rs 1,119 per share, and the total issue size is expected to reach around Rs 30,213 crore.
Global investment funds such as GIC Pte, the Abu Dhabi Investment Authority (ADIA), and the Qatar Investment Authority (QIA), along with domestic institutions like SBI Mutual Fund, Motilal Oswal AMC, and HDFC Mutual Fund, are seeking share allocations in the IPO's anchor book.
Apart from Jio Platforms, four other issues are currently open for subscription, including Tonbo Imaging India, Bonfiglioli Transmissions, Zetwerk Manufacturing, and Sahajanand Medical Technologies.
