Reliance Jio IPO: The highly anticipated Jio Platforms IPO is all set to open for subscription tomorrow, Wednesday, October 21. The Mukesh Ambani-led company aims to raise ₹30,213 crore through the public offering.
The IPO will remain open for bidding until Friday, October 23, while the shares are expected to list on the BSE and NSE on Wednesday, October 28. The share allotment is likely to be finalised on October 26.
The Jio Platforms IPO is attracting a strong grey market premium (GMP) ahead of its subscription opening, according to market observers.
According to Investorgain data, the IPO's GMP at ₹245, indicating robust interest in the issue ahead of its launch on Wednesday.
An analysis of grey market trends over the past 17 sessions shows that the premium is moving upward, signalling expectations of a strong stock market debut. During this period, the GMP has ranged between ₹148 and ₹250, reflecting positive sentiment among grey market participants.