IPO GMP comparison: The Reliance Jio Platforms IPO and Paras Healthcare IPO will close for subscription on Friday, 23, October. Both mainboard IPOs opened for bidding on Wednesday, 21 October.
After three days of subscription period, shares of both Jio Platforms and Paras Healthcare are tentatively scheduled to list on the BSE and NSE on Wednesday, 28 October, following allotment on Monday, 26 October.
The grey market premium (GMP) trends of the two IPOs show a wide gap in investor sentiment, with Reliance Jio Platforms commanding a substantially higher premium than Paras Healthcare. The latest available quotes indicate that the Jio IPO continues to attract stronger grey-market interest, while Paras Healthcare’s premium has declined sharply.
According to Investorgain, Reliance Jio Platforms IPO GMP stood at ₹240 per share on the last of day of bidding, implying a premium of approximately 21.45% over the upper price band of ₹1,119.
Meanwhile, Paras Healthcare’s GMP fell to ₹13 from ₹25 on 21 October, suggesting a much more modest expected listing gain.