Jio IPO Set For Listing With Over 22% Grey Market Premium

TV9 Hindi · stocks

Jio Platforms' highly anticipated IPO is set to debut on stock exchanges. Unlisted shares traded at ₹1,366, indicating a grey market premium of over 22% or ₹247 per share above the ₹1,119 price band. This suggests potential listing gains for allottees. The IPO, India's largest at ₹30,213 crore, saw overwhelming investor response, subscribing over 22 times its offer size, with Qualified Institutional Buyers showing immense demand. Share allotment is expected, with refunds.