Jio Platforms IPO listing today: Reliance-backed Jio Platforms is set to make its much-awaited stock market debut on Wednesday, October 28, after its ₹30,213-crore initial public offering (IPO) attracted strong investor demand. With expectations of a healthy listing premium, investors are weighing whether to book short-term gains or hold the shares for long-term wealth creation.
Market experts believe Jio Platforms' leadership in India's telecom market, growing digital ecosystem and opportunities in artificial intelligence (AI), cloud computing and broadband could support its long-term growth prospects.
Jio Platforms IPO shares are commanding a substantial premium in the grey market ahead of their stock market debut. According to IPO tracking websites, the issue's grey market premium (GMP) stood at ₹247 per share on October 28.
Over the past 25 sessions, the IPO's GMP has remained volatile, moving within a range of ₹125 without showing a consistent upward or downward trend. The latest premium reflects evolving grey market expectations ahead of the company's listing.
However, GMP is based on unofficial transactions and does not represent an exchange-recognised price. It can change with investor demand, market sentiment and broader market conditions. Consequently, the actual listing price may differ significantly from the estimate derived from the latest GMP.