Reliance Jio IPO GMP today: The much-anticipated Jio Platforms IPO is set to open for subscription on Wednesday, 21 October. The Mukesh Ambani-led company is planning to raise ₹30,213 crore through the public issue.
The Jio Platforms IPO will remain for bidding till Friday, 23 October, with shares likely to be listed on Wednesday, 28 October, on both BSE and NSE.
Jio Platforms IPO is commanding a strong premium in the grey market ahead of opening for subscription, according to market observers. The GMP of Jio Platforms IPO stood at ₹253, as per Investorgain.
According to GMP trends, the estimated listing price of Jio Platforms IPO is likely to be ₹1372, which is 22.61% higher than the IPO price band of ₹1119.
Jio Platforms IPO is entirely a fresh issue of 27 crore shares, amounting to ₹30,213 crore. The shares have a face value of ₹10 each, while the IPO price band has been set at ₹1,065– ₹1,119 per share. Retail investors can apply for a minimum of one lot, comprising 12 shares, requiring an investment of at least ₹13,428 at the upper end of the price band.