Jio IPO Allotment Done; Experts Advise Caution on Listing Day

Economic Times Markets · stocks

Jio Platforms' Rs 30,188-crore IPO, subscribed 22.19 times, has finalised its allotment with shares set to list on October 28 at a price of Rs 1,119. Investors who missed the IPO are now eyeing the secondary market for entry. Market experts advise caution, suggesting investors monitor the listing price and subsequent movements. While some anticipate a modest listing premium of 8-10%, analysts recommend buying closer to the IPO price if the stock corrects after an initial surge. They also caution against chasing the stock if it opens significantly higher.